Electricity price hike on cards
13/03/2008 21:24  - (SA)  

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Johannesburg - The price of electricity in South Africa is set to increase, Eskom chief executive Jacob Maroga confirmed on Thursday.

"Prices in South Africa are much lower than the cost of producing electricity both currently and in bringing in new capacity," he said, addressing the media in Midrand at the Eskom convention centre.

"[It is the] stated intent... that prices should start reflecting the cost of making electricity."

The details of the price increases would emerge as the process was finalised, he said.

Maroga told reporters there was a "positive consequence" of the increase in tariffs.

"If prices go up that will also bring a change in behaviour... that is also a positive consequence of the prices going up."

- Sapa

- SAPA

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