Electricity price will drop if corruption is rooted out: Expert
Eskom's request for a 17% increase in electricity prices won't deliver the utility from its financial woes, says an independent energy expert.
Ted Blom, of the Energy Expert Coalition, has been commenting on Eskom's application to the National Energy Regulator of South Africa for a tariff hike from March this year for the next three financial years.
The struggling utility says it needs to recover some R27 billion.
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Consumers had until midnight to make submissions online on the power utility's application.
Blom says until Eskom gets its house in order - the financial lifelines should stop.
"Eskom has already got R69 billion from the government which is just the taxpayer's money, as far as I can see the corruption is still continuing - in actual fact if you take out the corruption the price of the electricity should reduce by more than 75 percent," he says.
