NERSA

Electricity tariff rises have hurt economy, says energy minister

THE rises in electricity tariffs have had an adverse effect on the growth of the economy, contributed to inflation rises, may have made some marginal industries economically unviable and affected service delivery at municipalities, says Energy Minister Ben Martins.

Mr Martins on Monday replied to a number of Parliamentary questions from members of the National Council of Provinces where he detailed the effect of the electricity tariff hikes on the economy.

In March the National Electricity Regulator of South Africa granted national power utility Eskom an 8% per annum tariff increase for the next five years, effectively half of what was asked for. Read on BDLive >

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