South Africa’s Big Energy Users Want Review of Eskom Tariff Hike

South Africa’s biggest energy users criticized a 54 billion-rand ($3 billion) settlement between the state power utility and regulator and called for a review of the process to determine electricity prices.

The agreement reached between Eskom Holdings SOC Ltd. and the National Energy Regulator of South Africa last week over a tariff award — found to be based on incorrect data — will drive up electricity prices, adding to an eight-fold surge in power costs since 2008, according to the Energy Intensive Users Group.