[miningmx.com] – THE South African government wants to contain electricity tariff increases to 12% a year over the next four years, said BDLive citing members of an inter-ministerial task team.
The increase in tariffs beyond that recommended by the National Energy Regulator of South Africa (Nersa) in 2013 comes as Eskom faces a funding shortfall of R225bn and is aimed at avoiding the utility being ranked sub-investment by credit rating agencies.
The National Treasury is recommending other measures, including the conversion of loans to equity, in a package that will be put to the Cabinet for a decision in the next two week, said BDLive.
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