Current power price path will squeeze SA competitiveness

South Africa’s international competitiveness will increasingly be dampened by the rapid rate at which the domestic electricity price is rising, Energy Intensive User Group chairperson Mike Rossouw said on the second day of the Africa Energy Indaba in Sandton. He said that, while electricity prices were steadily, and understandably, increasing across the world, the rapid rate of increase in South Africa’s electricity tariffs was not sustainable and manufacturing and mining investors were already looking elsewhere.