{"id":24057,"date":"2012-10-11T12:23:30","date_gmt":"2012-10-11T10:23:30","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=24057"},"modified":"2012-10-11T15:11:15","modified_gmt":"2012-10-11T13:11:15","slug":"eskom-quiet-on-electricity-tariff-hike-claims","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/24057\/eskom-quiet-on-electricity-tariff-hike-claims\/","title":{"rendered":"Eskom quiet on electricity tariff hike claims"},"content":{"rendered":"

Eskom<\/a> has declined to comment on a news report that it would ask the National Energy Regulator of SA (Nersa<\/a>) to almost double electricity prices over the next five years.<\/p>\n

“We are busy finalising our application and will be submitting hopefully later this month,” Eskom spokeswoman Hilary Joffe said on Thursday.<\/p>\n

The Sowetan earlier reported Eskom would ask Nersa for revenue totalling R1.7 trillion over five years.<\/p>\n

This would see household electricity prices rising from 60c per kilowatt hour to 112c.<\/p>\n

Joffe said the Sowetan did not have Eskom’s “final numbers” as these were still being drawn up.<\/p>\n

“We were ready to submit at the end of August but we were asked by government to do additional work.”<\/p>\n

The next five-year tariff period will come into effect on April 1 next year, and Nersa needs to make a decision by March.<\/p>\n

“We are very keen to have South Africans engaging with the application and participate in the public process,” Joffe said.<\/p>\n

The Sowetan warned that price increases of this magnitude would have devastating consequences for poor households.<\/p>\n

It could also threaten jobs in energy-intensive sectors.<\/p>\n

However, below-inflation increases could threaten Eskom’s credit ratings.<\/p>\n

Further price increases would also force consumers to use less electricity.<\/p>\n

One way to rein in electricity price hikes would be to keep coal costs under government control.<\/p>\n

Coal accounts for 50 percent of Eskom’s cost base.<\/p>\n

However, this would reduce returns to mining companies, the daily reported.<\/p>\n

Related article<\/strong><\/p>\n

Electricity situation urgent: FMF<\/strong><\/a><\/p>\n

Eskom seeks extension for tariff application<\/strong><\/a><\/p>\n

Eskom weighing tariff hikes<\/strong><\/a><\/p>\n

Stiff electricity tariff hikes proposed by Eskom<\/strong><\/a><\/p>\n

Eskom applies for third MYPD<\/strong><\/a><\/p>\n

Eskom Medupi plant will power up in 2013<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom has declined to comment on a news report that it would ask the National Energy Regulator of SA (Nersa) to almost double electricity prices over the next five years.<\/p>\n","protected":false},"author":4,"featured_media":4950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,1164,2172,2006,4344],"class_list":["post-24057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-eskom","tag-increase","tag-nersa","tag-price-hike"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=24057"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24057\/revisions"}],"predecessor-version":[{"id":24060,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24057\/revisions\/24060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4950"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=24057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=24057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=24057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}