Mayor Geordin Hill-Lewis is expected to present oral submissions on behalf of the City of Cape Town at the National Energy Regulator of South Africa (NERSA) virtual public hearing today, 17 January 2022. Lewis reiterates the call to reject Eskom’s application to increase the price of electricity by 20,5% in the 2022/2023 financial year. The City made written submissions to NERSA, providing a detailed analysis of the issue and reasoning for their opposition to the increases. The submissions will be announced after the public hearings. The City has also suggested a more reasonable alternative”, bringing the increase in line with the Consumer Price Index (CPI) of 5,5%. The City has also stated that a further increase in the price of electricity is expected, including an increase of 15,07% in 2023/4 and 10% in 2024/5.
www.willshir.com – 2022©️Willshir & Associates – Business Intelligence Program