Tuesday, June 30, 2015

NEWS: Eskom Denied 25% Tariff Hike

JOHANNESBURG – The National Energy Regulator of South Africa (Nersa) has just announced it has denied Eskom's application for a 25 percent tariff hike.

It announced the decision following a week of public hearing.











Nersa chairman Jacob Modise said, “The application did not provide the mechanism on how the proposed increase, if granted, will be implemented in the current financial year in a manner that is consistent with the requirement of the municipal financial act 2003.”

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