Nelson Mandela Bay chamber says 19.9% power hike would be ‘crippling’

The Nelson Mandela Bay Business Chamber has expressed extreme disappointment with Eskom’s application for a 19.9% tariff increase from April 1, 2018, warning that such a hike would be “crippling” to business and the economy. Should the increase be approved it could translate to a 27.5% municipal tariff adjustment on July 1, 2018. The National Energy Regulator of South Africa (Nersa) has outlined the process it will follow to assess Eskom’s request and has set a deadline of October 13 for the submission of written comments.