National power provider, Eskom’s application to Nersa will be heard in Cape Town next week.
Nersa has already approved a 4.41% increase, but now Eskom is demanding 15% annually over the next three years, which is three times the official inflation figure.
Energy expert Ted Blom says the application should be scrapped until the forensic audit is completed on the statecapture that took place at Eskom.
Experts have disclosed a different outlook on this situation by pointing out that the power tariffs are already too high and should rather be lowered, especially in view of the fact that power is being sold to neighboring countries at far lower rates than charged to South-Africa itself.
The power provider also indicated that load shedding could be reinstated next week, which would further crippled the economy.
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