Eskoms multi-year tariff increase approved by NERSA!
Tuesday, April 20th, 2010The National Electricity Regulator of South Africa’s (Nersa) decision on Eskom’s multi-year tariff increase application elicited threats of strikes and serious concerns of job losses. NERSA announced that it was granting Eskom a 24,8% tariff increase for 2010, 25,8% for 2011, and 25,9% for 2012. Cosatu’s comment was that it was 4 times the current rate of inflation and totally unacceptable.
Many businesses which are already struggling for the last few years now will go out of business with these sorts of increase in costs. This will in turn cause job losses which is not what we need right now. Fedusa was equally outraged and disappointed.
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