PRICE SHOCK:

15th March 2013 By: Darlene Creamer

PRICE SHOCK:

It was power utility Eskom rather than South African electricity consumers that seemingly received a price shock when the National Energy Regulator of South Africa (Nersa) rejected the State-owned company’s application for five yearly increases of 16%. Instead, Nersa granted Eskom yearly increases of 8% for the third multiyear price determination period, which will run from April 1, 2013, through to March 31, 2018.