No guarantee energy transformation will lower electricity prices, says Ramokgopa
He was asked by EFF member of parliament (MP) Lorato Florence Tito, “What guarantees have been put in place that the current energy reforms will translate into lower costs and greater reliability for ordinary households, rather than simply restructuring the institutions responsible for electricity, as the citizens are still facing the economic consequences of unreliable electricity and rising energy costs?
Downward pressure on electricity prices will take time Ramokgopa noted that the measures in the Electricity Regulation Amendment Act are intended to increase investment in new generation capacity, improve the efficient use of the national grid, strengthen security of supply, and introduce greater discipline into the electricity supply system.
No promise for lower electricity prices While the government says it is making these changes with low-income households in mind, Ramokgopa, in a parliamentary reply, said he cannot promise that transforming the energy sector will benefit these households.
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