The Nelson Mandela Bay Business Chamber on Wednesday will make a presentation to the National Energy Regulator of SA (Nersa) on Eskom’s proposed tariff increases.
The nationwide public hearings start at Summerstrand Hotel in Port Elizabeth.
This came after Eskom application for an average price increase of 16% for each of the five years of the Multi-Year Price Determination.
The chamber said business and domestic consumers should educate themselves about what Eskom’s proposed increase every year for the next five years meant for their budgets.
“The chamber is going out to bat for business and consumers alike. The bills will only continue to rise as municipalities add on a percentage to the base amount as income,” chamber’s CEO Kevin Hustler said.
Chamber’s Strategic Resources Task Team head Angus Clark, will make the presentation to the hearings.
He said the increases would have a negative and significant effect on business.
“Energy-hungry businesses will lose their competitiveness, and in some cases even face closure if input costs are not reduced,” Clark said.
“Domestic users currently paying just under R900 a month for electricity will face a R2000 bill for similar usage, come 2018. Small and medium business will have no easier time as the costs per unit escalate.
“Smaller businesses will end up passing the increase on to the customer.
“Customers will place smaller orders, or make use of their services less often. Businesses will close and people will lose jobs.”
Nersa has urged stakeholders and the public to participate by attending or making oral representation at the hearings.