CYRIL RAMAPHOSA
THE recent announcement of an increase in electricity tariffs comes at an extremely difficult time for citizens and businesses alike, who are already contending with the high costs of fuel, food and other essentials.
It is in this context that I made a call last week for the Eskom board to consider measures that can help to mitigate the impact of the 18.65% increase from an implementation timeframe point of view.
The new tariff was approved by the National Energy Regulator of South Africa (NERSA) following a prescribed process, which includes wide-ranging public consultation. It is important that we affirm the independence of NERSA and the importance of following the due legal process in setting tariffs.
Tariffs that reflect the cost of producing electricity are necessary for Eskom’s financial sustainability and for the utility to be able to service its debt and to undertake the critical maintenance that
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