Eskom hike under wraps

PARLIAMENT has refused to put pressure on Eskom to reveal how much electricity prices will increase by.

Eskom put in an application for a two-year price hike to the National Energy Regulator of SA last week, but Nersa immediately shrouded the details of the request in secrecy.

Yesterday Eskom chief executive Jacob Maroga told Parliament the utility needed to raise R385billion to build new power plants.

X