Electricity prices in South Africa could increase more than threefold over the next three years

July 19th, 2009 | Categories: Global Warming · Infrastructure · South Africa | Tags: none

According to Anton Eberhard, Professor of Management, restructuring and regulation of network/infrastructure industries at the Graduate School of Business, University of Cape Town, “Prices could increase more than threefold over the next three years”. The article titled “South Africa: Price Hikes Inevitable If We Want to Keep the Lights on” published in March 2009, is confirmation that South African consumers and business have been paying almost nothing for electricity for decades. The economic impact of a tripling of electric prices will be significant and in some cases devistating. In such an environment, it is inevitable that renewable energy solutions will become financially viable. The question is will South Africans adopt these technologies in time to avoid the devistation or will they wait until the last minute and possibley miss the boat?

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