| Sacci presents its views on Eskom’s tariff application to Nersa |
 |
 |
 |
| Thursday, 21 January 2010 14:48 |
|
The South African Chamber of Commerce and Industry (SACCI) today presented its views on Eskom’s multi-year tariff increase to the National Energy Regulator of South Africa (NERSA). In its presentation SACCI highlighted the need to realistically consider all input and operational costs. It referred to a survey that it had carried out among its members the majority of whom had responded that the level of increase that they could accommodate was inflation plus 3% to 5%. SACCI pointed out that conservatively, inflation was likely to increase by approximately 0,3% which would put inflation outside the target range of 3 – 6%. It is estimated that approximately 500 000 jobs would be lost. The ripple effect would be reduced personal disposable income and therefore household consumption expenditure. SACCI estimated that the overall loss to GDP would be about R200 million on the most conservative basis. SACCI proposed that the provisions in the National Energy Policy be implemented with the introduction of private participation in generation being fast tracked. SACCI recommended that Eskom be granted an inflation related increase for the period 2010/11, and that this period be used to develop a strategy that will provide South Africa with a sustainable electricity supply at a reasonable tariff. SACCI announced that it had already started a process whereby stakeholders will be involved and had convened a colloquium that would take place in Johannesburg on 02 February. An invitation was issued to the public to attend the event where stakeholder perspectives would be presented for further interrogation towards the development of the strategy. Persons wishing to attend the colloquium are invited to contact Ms Denise Chendip at SACCI on telephone 011 446 3800 or email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Contact Persons:
|