Eskom 20% hike request ‘like pushing water uphill’
ESKOM says its liquidity was drastically affected by the below inflation tariff increase of 2.2% for the 2018 financial year. The tariff increase of 5.23% for this year, as proposed by regulator Nersa, will further affect the liquidity of the company.
Chairperson Jabu Mabuza said yesterday Eskom was “pushing water uphill in asking for a 20% tariff hike”.
“Tariffs are not necessarily the panacea for all of Eskom’s problems, however, it’s not right to have an acrimonious relationship with the energy regulator.”
The group’s interim profits were down 34% to R6bn due to declining sales and higher finance costs.