Eskom has asked the National Energy Regulator of South Africa for 15% tariff increase per year for three years.
The utility's request is that the increase will start in 2019 and 2020.
Speaking to Xolani Gwala, General Manager for Regulations at Eskom Hasha Tlhotlhalemaje says they it has had very low increases in the last few years.
And we are trying to recover what the efficient cost and the prudent cost of producing and distributing that electricity and that is exactly the way that Nersa requests us to make an application and we have made that application in that manner.— Hasha Tlhotlhalemaje, General Manager for Regulations at Eskom
We have also made certain sacrifices that allow the phasing in the actual true cost of the electricity.— Hasha Tlhotlhalemaje, General Manager for Regulations at Eskom
The bottom line is that Eskom is not recovering its efficient cost of electricity and it hasn't been done for the last many years.— Hasha Tlhotlhalemaje, General Manager for Regulations at Eskom
Listen below to the full interview: