Eskom confirms 32% tariff request ahead of Nersa hearings

After updating some key cost assumptions, Eskom has confirmed that it will be applying for a 32% tariff hike for implementation on April 1, 2023. The State-owned utility is also applying for a 9.74% increase for its subsequent financial year. The increases are outlined in an addendum to Eskom’s fifth multiyear price determination (MYPD5) application, which contains changes to various key assumptions, including those relating to the cost and use of diesel for its open-cycle gas turbines (OCGTs), as well as independent power producer (IPP) costs.
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South Africa lays out climate demands to rich polluters ahead of COP27

Developing nations expect rich countries to commit more funding to adapt to global warming and a financing mechanism to help them cope with natural disasters when they meet at the COP27 climate summit in November, South African Environment Minister Barbara Creecy said. Creecy was one of the prominent African voices before the COP26 event in Glasgow last year. She’s demanded affluent nations that have emitted the bulk of the world’s climate-warming gases commit more assistance to those most affected by the impact of rising temperatures.
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