Eskom says if the court doesn’t grant it the tariff hike it wants there will be dire consequences for both the country and customers. The power utility is challenging the energy regulator’s decision to grant it a lower tariff increase.
Eskom is now asking the court for even more than it initially requested.
Two years ago, Eskom applied for what amounted to electricity tariff hikes of 15-percent a year over three years.
But the energy regulator, National Energy Regulator of South Africa (Nersa) pointed out that the power utility had already received R23-billion as part of a government bailout.
Nersa only awarded Eskom an 8.1-percent increase, saying the parastatal would otherwise make too much money at the expense of consumers and taxpayers.
“When people think of Eskom they think of Guptas, they think of corruption, they think of state capture killing this country and we’re not saying that state capture was not a massive issue but forget state capture lets look at what reasonable electricity tariffs would be, where Parliament has decreed that electricity tariffs must finance electricity provision,” Advocate Matthew Chaskalson, representing Eskom.
Judgment in the matter has been reserved.
In other news – Enhle Mbali spoils herself with a new beautiful Car – Picture
Enhle Mbali spoils herself with a new beautiful Car – Picture! Multi-talented actress, Enhle Mbali flaunted her new ride on social media, saying she deserves it. Although the previous year, 2019, was quite not the best for her, especially after having to split with her husband, Black Coffee.
She seems to be starting this new year in good books and she has shared her new baby. continue reading
Source: eNCA
