SA Institute of Electrical Engineers supports Eskom’s proposed 36% electricity hike
The institute says Eskom needs to have cost-reflective tariff hikes for it to remain sustainable.
NERSA public consultations at Uncle Tom’s community hall in Soweto. Picture: Thabiso Goba/ Eyewitness News.
JOHANNESBURG - The SA Institute of Electrical Engineers has come out to support Eskom’s proposed 36% electricity hike.
The Institute says Eskom needs to have cost-reflective tariff hikes to remain sustainable.
On Tuesday, officials from the institute were speaking at Uncle Tom’s Community Hall, in Soweto, where the National Energy Regulator of South Africa (NERSA) held public consultations on Eskom’s proposed tariff hikes
With the 36.15% tariff increase, Eskom aims to make R446 billion in revenue for the next financial year.
The utility says this will go towards maintenance of its ageing infrastructure and other operational costs.
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The SA Institute of Electrical Engineers' CEO, Leanetse Matutoane, says this 36.15% increase represents the cost for Eskom to generate electricity.
“We have a choice, it’s either we want a sustainable power supply or back to the load shedding days because Eskom is not recovering as they should, in which case they need to go with a begging bowl to the [National Treasury] Treasury.”
NERSA will decide on Eskom’s application by 20 December 2024.