Eskom says some industrial customers require ‘urgent’ assistance, but urges targeted subsidies

Eskom has acknowledged that urgent interventions are needed to assist certain large industrial customers, some of which are competing with international companies whose electricity is subsidised, to navigate the transition to cost-reflective electricity tariffs. In a presentation on the third day of public hearings into the State-owned utility’s 2022/23 allowable revenue application, CFO Calib Cassim said that the country needed to assist industry to remain sustainable, as retaining such operations was critical from an economic perspective.