Don’t get your hopes up for relief on power prices
Jul 26, 2020
3 minutes
ANTOINETTE SLABBERT business@citypress.co.za
Consumers can forget about government’s “renegotiation” of contracts with independent power producers (IPPs) leading to lower electricity tariffs, say experts.
This comes after Mineral Resources and Energy Minister Gwede Mantashe accepted a recommendation to use refinancing as a mechanism to lower electricity tariffs.
The slight benefit this could bring will be overshadowed by the massive increases that could come after Eskom’s success in various court battles against the National Energy Regulator
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