South Africa’s Energy Regulator Allows Eskom to Raise Prices

South Africa’s energy regulator has agreed to permit Eskom Holdings SOC Ltd. to raise electricity prices by a higher amount than previously approved. This decision comes after the parties settled a 54 billion-rand ($3.1 billion) dispute, which may lead to a further disconnect between the utility and its customers as demand for electricity in the country decreases. This move highlights the ongoing challenges facing South Africa’s power sector, particularly as Eskom seeks to improve its financial position and infrastructure.