How will the government deal with rising energy prices?

WITH a review of power tariffs slated for the end of June, there have been rising concerns over what to do.

The imbalance cost pass-through (ICPT) mechanism would take into account the higher energy costs, namely, the price of coal, in pricing the new tariffs. This has the industry players jockeying over how to divvy the cost increase in the generation of power between the different stakeholders.

“The issue at hand is who will pay. Will it be the consumer, government or power companies?” asks an analyst.

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