EIUG calls for urgent overhaul of industrial power tariffs to stem job losses

The Energy Intensive Users Group of Southern Africa is calling 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, 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”.