Electricity hikes not as high as 18pc

An 18percent hike in electricity prices is not on the cards, the National Energy Regulator said yesterday .

An 18percent hike in electricity prices is not on the cards, the National Energy Regulator said yesterday .

The regulator received a request from Eskom for additional funds for its R150billion capital investment programme, Smunda Mokoena, chief executive said.

He said the regulator would still study the request before going through a process of public participation ahead of taking a final decision.

According to reports last month, Eskom's managing director of resources and strategy, Steve Lennon, said the parastatal would ask for the regulator for an 18percent hike. - Sapa

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