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Mining Weekly reports that the Energy Intensive Users Group of Southern Africa (EIUG) has called for urgent consideration to be given to the development of industrial tariffs for large power users, in the light of the threat being posed to domestic mining and industrial firms by steeply rising electricity tariffs.
In a statement released in response to the R21-billion loss posted by Eskom for 2019, the organisation said the utility’s financial performance was of “grave concern” and acknowledged that stabilising the State-owned company would require “trade-offs from all stakeholders”. Nevertheless, it warned that ongoing above-inflation tariff increases were threatening the survival of large power users, some of which were “already beyond the tipping point”. It added that due to high electricity prices, several companies had stopped production processes that could be contributing to creating a significant number of new jobs. The EIUG claimed that some 47 furnaces – representing potential power demand of about 1,200 MW and potential employment for some 12,400 people – were currently standing idle across the country. It argued that there was a case to be made for urgency on the development of industrial tariffs for large power users.
- Read the full original of the above report at Mining Weekly
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