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FT
Tuesday Nov 05, 2024
Monday, 22 April 2013 00:00 - - {{hitsCtrl.values.hits}}
The power shock is to be followed by other shocks too
When the new electricity rates were announced last week, newspaper headlines cried “power paralysis,” “power shocks” and “power betrayal”. Given the increase this time – more than 60% in a single increase – it is not unusual for media to express their shock in equally shocking terms.
However, the media and political reaction to the electricity rate increase appears to have been concentrated on this single one-off incident, ignoring the more alarming big picture emerging in the country’s public enterprise sector.
