Electricity tariff may soar by up to 19% a year

Business Day Live 21 October 2012.

ESKOM is expected to indicate on Monday what tariff increases it will be seeking for the next five years.

The prediction is 14.5% to 19% a year.

Tariffs have risen by more than 200% over the past five years, according to the Electricity Intensive Users Group (EIUG).

“Such above-inflation increases (in) power prices would inevitably impede economic growth and job creation, particularly in the more energy-intensive resources, manufacturing and production sectors,” the EIUG said…

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