Eskom's proposed price hike continues to draw backlash and members of the Democratic Alliance are not taking things likely. As previously announced by the CEO Andre de Ruyter, they are proposing that the price of electricity must be hiked by atleast 20.5% starting from the 1st of April this year. Last year it was an increase of 17% in July this means that it's going to be much more expensive. Join us as we unpack more of the story below.
What caused this proposition
According to their statement they have indicated that the power supplied by independent producers is putting a strain on them. Other factors includes the carbon tax and coal procurement. There's an alarming report that was released by Optimal Power which uncovered that the increase of electricity is far more greater that the inflation. It's been up by more than 753% compared to 134% between 2007 and last year.
DA's petition is gaining traction
As aforementioned, the DA has put together a petition that aims to get their proposal rejected stating reasons that it's out of touch with the cost of living. In the past year alone we have experienced more than 10 cycles of loadshedding due to their old power stations across the country. Over 20 000 people have signed this petition thus far with more municipalities jumping into the bandwagon and rejecting their decision.
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