Characteristics of the market structure of electricity in South Africa
Answers
Answer:
Explanation:
Characteristics of the market structure of electricity in South Africa is as follows:
•Eskom is a state owned electricity public utility of South Africa.
•It was established in 1923.
•It is the only supplier of electricity in the entire South Africa and thus enjoys monopolistic hold.
•Political intervention and corruption has made it one of the worst performing state utility services in the country.
•The electricity prices charged by Eskom is the most expensive globally.
•The payment collected from the customers by the corrupt Municipalities are often diverted to other fields.
•It has a huge contingent of unproductive workers.
•The independent power producers (IPPs) supply solar and wind power to the state utility who then sells to its customers(household, municipal, and industrial).
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