Cape Times 14 September 2012.
The Energy Intensive Users Group, which represents the major mining and industrial companies, said yesterday that it was concerned there was insufficient clarity in the press reports on the third multi-year price determination for electricity tariffs. The group said the anticipated doubledigit electricity price increases that Eskomwas applying for would see power costs for consumers and businesses rising faster than inflation in years to come. If reports about the above-inflation requests were correct, then the increases in electricity costs were too high and too fast, it added. Although cost-reflective increases were unavoidable, the group said, the public needed a more accurate and transparent breakdown of these costs. – Staff writer
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