South Africa: Budget imposes more pain than gain for electricity consumers


Issue 296 - 12 Mar 2015 | 2 minute read

Finance minister Nhlanhla Nene’s 2015 budget speech was hard listening for power consumers, already pressed by an erratic electricity supply and rising tariffs. Nene confirmed that Eskom will apply to the National Energy Regulator of South Africa (Nersa) for an increase in the electricity tariff above the 8% already approved, as well as announcing a proposal to increase the electricity levy from 3.5c/kWh to 5.5c/kWh, insisting that the move is intended to encourage energy saving rather than to raise revenue.

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