Cape Town cannot afford Eskom’s electricity hikes, says mayor
Geordin Hill-Lewis says absorbing the costs of the increases will ‘bankrupt the city in a year or two’
31 March 2022 - 12:39
Cape Town mayor Geordin Hill-Lewis, says the city risks bankruptcy should it absorb any further electricity tariff increases by Eskom.
Electricity tariffs for standard tariff customers in the city are set to increase by 9.61% on April 1 in line with the National Energy Regulator of SA (Nersa) decision in February to approve of tariff hikes. This increase translates to a 8.61% increase for municipalities and a 9.5% average increase for city-supplied consumers...
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