Cape Town – President Cyril Ramaphosa has reportedly said that there’s nothing he can do amid the National Energy Regulator of South Africa (NERSA)’s decision to hike electricity prices.
Consumers were informed on Thursday that they will have to cough up more money for electricity after NERSA gave Eskom the green light to increase tariffs by 18.6% for the 2023/2024 year.
Speaking to the media, presidency spokesperson Vincent Magwenya said Ramaphosa was concerned about the ever increasing cost of living “but currently could not interfere with that process because it is a statutory process”.
Magwenya said that the president “deeply regrets the current energy situation” which has placed the country into stage 6 load shedding.
However, he said the president was meeting regularly with the national energy crisis committee to implement solutions to end the energy crunch.
He said despite the current gloomy state of load shedding the National Energy Crisis Committee work streams continued to make progress on serval areas aimed at ensuring the stability of the grid and finding additional megawatts.
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Compiled by Olwethu Mpeshe