R2K Fears 17% Eskom Tariff Hike

R2K opposes Eskom’s Regulatory Clearing Account application to NERSA, in which it is asking for a RCA balance of R22.8 billion

The Right2Know (R2K) Gauteng has strongly opposed Eskom’s Regulatory Clearing Account (RCA) application to the National Energy Regulator (NERSA) in which it is asking for a RCA balance of R22.8 billion, and will be protesting outside the NERSA hearings today and tomorrow.

According to R2K, if the RCA application is approved, South Africa could see electricity tariffs rise by up to 17 percent this year alone.

“Eskom’s application comes on top of NERSA’s previous approval of an eight percent yearly increase in tariffs for the period 2013-2018. When combined with other add-on costs and levies, the tariff increase for 2015 was almost 13 percent. And now Eskom wants even further increases,” notes R2K.

To read the article title, “Right2Know fears 17 percent Eskom tariff hike,” click here.

Source: 
The Citizen

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