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HERE WE GO AGAIN

3rd April 2015

By: Darlene Creamer

  

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Eskom has confirmed that it is preparing an application for a reopener of the third multiyear price determination (MYPD3), under which five yearly tariff increases of 8% have been officially approved. The cash-strapped utility, which originally sought yearly increases of 16%, is looking to hikes of closer to 20% a year for the last three years of the MYPD3, which runs to March 31, 2018.

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