More darkness, now that Eskom failed to get 25%? An energy expert discusses...

Eskom will not be getting the 25 percent tariff hike it requested, the National Energy Regulator of South Africa (Nersa) said on Monday.

The application did not provide the mechanism on how the proposed increase, if granted, will be implemented in the current financial year in a manner that is consistent with the requirement of the municipal financial act 2003.

Jacob Modise, Nersa chairperson

Modise says Eskom can re-apply or just add the information it excluded from the last application.

But Nersa says if it succeeds a second time, it would only affect the changes in the 2016/2017 financial year.

Scroll down to listen to The Money Show presenter Bruce Whitfield's interview of Chris Yelland, Energy Expert and Managing Editor at EE Publishers.

I’ve been told that Eskom could have their re-application ready within a month or two.

Chris Yelland, Managing Editor at EE Publishers

The current leadership shows hubris that is unwarranted in the light of their current performance.

Chris Yelland, Managing Editor at EE Publishers

Eskom doesn’t understand the regulatory process.

Chris Yelland, Managing Editor at EE Publishers

Molefe’s threat is a red herring. Eskom does not have a short-term financial crisis.

Chris Yelland, Managing Editor at EE Publishers

Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why companies pay ‘golden handshakes’

Why companies pay ‘golden handshakes’

The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.

Cape Town is set to make history and headlines around the world on 21 April 2018

Cape Town is set to make history and headlines around the world on 21 April 2018

For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.

5 business building habits to develop for 2018

5 business building habits to develop for 2018

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Strategies for reducing your exposure to Naspers

Strategies for reducing your exposure to Naspers

Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.

We won’t need Eskom forever (or for long!) thanks to SA born Elon Musk

We won’t need Eskom forever (or for long!) thanks to SA born Elon Musk

Musk’s new electricity storage system may soon free us from depending on Eskom (or anyone but ourselves) for electricity.

Popular articles
Edward Zuma apology, better late than never

Edward Zuma apology, better late than never

The African National Congress (ANC) in KwaZulu-Natal confirmed on Thursday that it had received an apology from Zuma.

Shower for less than 2 minutes as Cape Town enters level 4b water restrictions

Shower for less than 2 minutes as Cape Town enters level 4b water restrictions

The City’s Xanthea Limberg says other emergency interventions are underway.

Former Body Beat TV host Dr Phil Joffe catches up with Afternoon Drive team

Former Body Beat TV host Dr Phil Joffe catches up with Afternoon Drive team

Dr Phil Joffe presented SABC's famous Good Morning South Africa breakfast show for ten years, from 1989- 1998.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.