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Image: Eskom TwitterEnergy expert, Professor Mark Swilling, says without financial intervention from government, Eskom has no choice but to propose electricity tariff hikes.

The National Energy Regulator is yet to decide on Eskom’s tariff increases for the coming financial years with the power utility reportedly trying to hike prices by over 30 %.“It’s like a perfect storm increasing load shedding and rising costs. From Eskom’s point of view, as a business, government has not yet come to the party to take over the debt or a portion of the R400 billion outstanding debt which Eskom cannot service. There is declining maintenance, so the energy available is dropping.

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ESKOM LIVE | Stage 3 continues as Eskom tries to save diesel | BusinessAll the latest news and analysis on load shedding, power and the national grid. How during the Zuma administration did we not suffer so much with load shedding or continuous breakdowns? The equipment was already old so that can't be the issue? Cereal come explain. Mxm De Ruyter se gaat Eskom has no money to buy diesel. Ask CyrilRamaphosa, he has a BILLION Rand in his matrass. ChiefThief
Source: News24 - 🏆 4. / 80 Read more »