Dept looks at cutting power costs

2012-02-27 22:30
Johannesburg - The energy department is examining ways of reducing the cost of electricity, Energy Minister Dipuo Peters said on Monday.

"The department of energy, relevant departments and Eskom are looking at other ways of reducing electricity tariff increases," Peters said in a speech prepared for delivery to the Black Management Forum in Kimberley.

This was in response to a call by President Jacob Zuma in his state-of-the-nation address for cheaper electricity.

Zuma said: "We need an electricity price path which will ensure that Eskom and the industry remain financially viable and sustainable, but which remains affordable, especially for the poor".

"I have asked Eskom to seek options on how the price increase requirement may be reduced over the next few years, in support of economic growth and job creation, and give me proposals for consideration."

Peters said the government would soon say how this would be done.

The government would make pronouncements on its building of nuclear power stations later in the year.

"Section 34 of the Electricity Regulation Act empowers the minister of energy to determine who should build what in terms of energy infrastructure," she said.

"That developer will determine where to source that technology and the broader EPC [engineering, procurement and construction]."

In the Budget review for 2010 presented last week, R300bn over 17 years was allocated to Eskom's nuclear build programme, The Times reported.

The 20-year integrated resource plan for electricity envisaged 23% of the country's energy coming from nuclear power in the future.

Read more on:    eskom  |  jacob zuma  |  dipuo peters  |  electricity

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Comments have been closed for this article.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

/Sport

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.