News24

Peters respects power price hike

2010-02-24 18:03

Johannesburg - Energy Minister Dipuo Peters "respects" the "necessary" immediate increase of 24.8% in electricity tariffs approved by the National Energy Regulator of SA.

"It has become necessary to conclude the price path for the electricity industry in order to eliminate the uncertainty around the funding of the capital programme for the sector," Peters said in a statement on Wednesday.

"This has become even more urgent particularly given the fact that there are indications already that we are coming out of the recession as indicated in the figures released this week."