implement 26% tariff
increase on Friday
Electricity prices will increase by close to 26% on Friday. The National Energy Regulator (Nersa) approved the power utility’s price increases, staggered over three years.
The Chamber’s Michael Bagraim says consumers will feel the pinch. “The shock is not going to be easy to absorb and it’s going to create a downturn in production. I don’t believe the man on the street is going to be able to swallow such a large increase,” he said.
