DStv Channel 403 Friday, 22 November 2024

Nersa to decide on power price hike

 

JOHANNESBURG - As Eskom implements Stage 6 rolling blackouts indefinitely, the National Energy Regulator of South Africa will, on Thursday, decide on the utility's price hike application.

Eskom wants you to pay 32% more for electricity for the next financial year.

The embattled utility is looking to recover over R350bn with the hike.

The announcement comes after the regulator asked for a number of extensions in making its decision.

A final decision on Eskom’s revenue application was meant to be announced in November last year.

 

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