EFF REJECTS NERSA’S APPROVAL OF A 9.61% ELECTRICITY HIKE
24 February 2022
The Economic Freedom Fighters rejects the anti-poor decision by the National Energy Regulator of South Africa (Nersa), to grant a 9.61% increase to the cost of electricity.
In a context of depressing levels of unemployment, a dwindling economy and unprecedented increases to the cost of living, an increase in the cost of electricity is a cruel addition to the misery of the poor.
The increase, which is lower than the ridiculous request by Eskom which was 20.5%, is by no means a reprieve, and means that low-income, black households will struggle to make ends meet and small-business which are still reeling from the COVID-19 pandemic will suffer.
It is patently clear that Andre de Ruyter has no believable plan to steer Eskom on the course of recovery, and the presence of Independent Power Producers is having the exploitative effect the EFF had predicted.