The power utility announced that it would begin implementing stage 2 load shedding from 10h00 until 22h00.

“Any additional changes on the already vulnerable and constrained power system could lead to a change in the stage at short notice.”

Yesterday, Finance Minister Nhlanhla Nene confirmed a R23 billion lifeline for Eskom. In his budget speech, Nene said the sum would be paid in three tranches, in accordance with a special appropriations bill to be tabled.

“The fiscal allocation of R23bn will be paid in three instalments, with the first transfer to be made by June 2015.”

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Govt supports tariff increase application

He confirmed that government would support a tariff increase application by Eskom seeking to bring the price of electricity in line with generation costs.

Nene also proposed tax measures to promote electricity efficiency, including a temporary increase in the electricity levy from 3.5 cents per kilowatt hour (c/kWh) to 5.5c to assist in demand management.

“The additional 2c/kWh will be withdrawn when the electricity shortage is over.”

The second proposal is for an increase in the energy-efficiency savings incentive from 45c/kWh to 95c/kWh.

“Other measures under consideration include enhancing the accelerated depreciation for solar photovoltaic renewable energy.”

Nene said the proposals would be discussed with industry, Eskom, the National Energy Regulator of SA, and other interested parties.

Author: SAPA and staff