Electricity grid will suffer, says eThekwini, after Nersa rejects 18.5% hike

The eThekwini Metro says its already fragile electricity grid will be at a higher risk after the National Energy Regulator of SA (Nersa) rejected its proposed 18.5% electricity tariff hike. In a letter addressed to city manager Musa Mbhele, which News24 has seen, Nersa CEO Nomalanga Sithole said, at a meeting on 2 June, it approved a 15.1% tariff increase for the 2023/24 period.
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Critical minerals market has doubled in five years, IEA report shows

The market for critical minerals used in electric vehicles, solar panels and wind turbines has doubled over the past five years, reaching $320-billion in 2022, and is expected to continue to growth strongly amid record deployments of clean energy technologies such as solar and batteries. The International Energy Agency’s (IEA’s) inaugural ‘Critical Minerals Market Review’ shows that, from 2017 to 2022, the energy sector has been the main factor behind a tripling in overall demand for lithium, as well as the 70% jump in demand for cobalt and the 40% rise in nickel demand.
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