The 16 percent electricity tariff hike every year for the next five years is unavoidable, Public Enterprises Minister Malusi Gigaba said on Tuesday.<\/p>\n
“It [the tariff increase] is not fair, [but] it is necessary,” Gigaba said at a business breakfast in Fourways.<\/p>\n
“Given the challenges that we have… we need to ask South Africans to bare the collective pain to fund this build programme and go through this painful process.”<\/p>\n
In October, Eskom submitted an application to the National Energy Regulator of SA for a 16 percent tariff hike every year for the next five years.<\/p>\n
Gigaba said the poor needed to continue to be shielded. They would be charged a single-digit flat rate determined by municipalities.<\/p>\n
Eskom asked municipalities to be considerate of their mark-up when charging more for electricity, as it was a source of revenue, Gigaba added.<\/p>\n
Eskom seeks 16% tariff hike every year for 5 years<\/a><\/strong><\/p>\n Eskom quiet on electricity tariff hike claims<\/strong><\/a><\/p>\n Electricity situation urgent: FMF<\/strong><\/a><\/p>\n Eskom seeks extension for tariff application<\/strong><\/a><\/p>\n