The National Energy Regulator of South Africa (Nersa) announced today that it had rejected Eskom's application for a 9.58% increase in electricity prices from 1 July, in addition to the 12.5% increase it was granted on 1 April (which was granted).
Last week Nersa held public hearings on the proposed tariff increase, during which business, farmers, and other stakeholders made presentations stating their case for the hike in tariffs to be denied, as increased prices would harm their businesses.
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