Eskom recently claimed that electricity prices in South Africa are much lower than international standards and that we are paying 40% less than elsewhere in the world.

Eskom spokesperson Sikonathi Mantshantsha said South African consumers are subsidised by either Eskom’s balance sheet or by the taxpayer.

He said the unfortunate situation is that electricity costs a lot of money to produce and that South Africans are not paying a realistic price for electricity.

“The electricity consumer has not further migrated towards what the efficient price of electricity is,” Mantshantsha said.

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Source: MyBroadband