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Power price crunch

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Nersa said the current way of determining the tariffs based on Eskom’s potential revenue and allowed costs was not working. Photo: siphiwe sibeko
Nersa said the current way of determining the tariffs based on Eskom’s potential revenue and allowed costs was not working. Photo: siphiwe sibeko

BUSINESS

If adopted, the model that’s scheduled to be introduced by 2026 – at the earliest – is intended to rein in the power crisis in the country and provide some level of price stability.

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ANC secretary-general Fikile Mbalula stated the ANC served court papers on Eskom and its former CEO, Andre de Ruyter, after his allegations of the involvement of senior ANC members in corruption at the power utility. Was the ruling party's move warranted?
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