Electricity price up 907% as minister admits industry pain
The price of electricity has gone up by a staggering 907% in the past 20 years – more than six times the increase in inflation, admits Minister of Electricity and Energy Kgosientsho Ramokgopa.
Addressing journalists on the government’s new electricity pricing policy, which will be released for public comment on Friday, Ramokgopa confirmed official inflation stood at just over 150% for the same two-decade period.
Earlier this year, Eskom announced it would be implementing the recommendations of Nersa, which approved an average direct Eskom electricity price increase of 8.
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