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Electricity could go up by 16%

Monday, 18 January 2016, 15:14
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Electricity could go up by 16%
Consumers can expect to pay around 16 percent more for electricity if Eskom is successful in recovering nearly R22,8 billion.
NATIONAL NEWS - Consumers can expect to pay around 16% more for electricity if Eskom is successful in recovering nearly R22,8 billion.

The power utility is presenting its argument at public hearings which have started in Cape Town today.

Eskom says it’s suffered several loses, including an almost R12 billion shortfall in revenue.

It’s says it’s confident of recovering the R22,8 billion through a further tariff increase it has applied for from the National Energy Regulator of South Africa.

Spokesperson Khulu Phasiwe says should this be the case, it’ll result in a double-digit tariff increase in April.
 

Read more about: increase tariffs eskom public hearings

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