reported the tariff increases for the next three years are on top of the 4.41% hike approved by Nersa in October, on Eskom's Regulatory Clearing Account application. The RCA refers to funds Eskom can recover due to an electricity shortfall or an escalation in operating costs.The Minerals Council said that while the tariff increases were below what Eskom had applied for, the effects on the local industry would be significant by raising the cost of production.
"The substantial tariff increases that have been awarded will have a major impact on the industry’s cost structure, jeopardising the viability of marginal and loss-making mines and, inevitably, accelerating job losses at energy-intensive mines in particular."Over 10 years the support package is expected reach R150bn.
Fin24 If mining of coal is involved, less coal for Eskom, meaning more increases to prices. Meaning less coal. Vicious spiral, let alone circle.
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