Monday, March 15, 2010

Eskom: Special Rates For Two Only


As a follow up to Friday’s Post “Eskom and Cosatu”, Business Day (11 March 2010) informed us that the Public Utility has in fact denied that it was undercharging 138 of its large industrial users. In response to the allegation, Eskom have come out saying that special pricing agreements are relevant only, to two of its principal clientele.

Eskom spokesman Andrew Etzinger stated that they had “negotiated pricing agreements” with two of its biggest industrial customers. “These are long-term agreements with escalation clauses which are contractually agreed,” he said.

He made it known that it is untrue, that all 138 key industrial customers were on these negotiated contracts. “An impression has been given that all the big users have these agreements.”

He said Eskom entered into the special agreements with the two customers because of the need for investment in southern Africa. “Investors at the time wanted clarity on future prices. It was a concession.”

Ernest Roper
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