Price Check finds no evidence of price gouging on alternative energy sources

Keely Goodall

| Refilwe Moloto spoke with Price Check Managing Director Kevin Tucker to find out if there have been any price increases on alternative power products.

South Africa is entering its third consecutive week of load shedding, and many people have opted for energy alternatives to deal with it.

How does the increased demand for alternative energy sources affect the price?

Refilwe Moloto spoke with Price Check Managing Director Kevin Tucker to find out if there have been any price increases on alternative power products.

Price Check is a company that reviews the price lists of various online retailers, tracks trends, and compares prices of similar products.

According to Tucker, Price Check found that there was no significant price increase for alternative energy products as a result of load shedding.

In fact, Price Check found that prices for alternative energy sources have fallen.

We’ve looked at a bunch of prices and we don’t really see any major price increases for any products, at least in the last two months. So since the major shedding hit us, we haven’t really seen any price action that one might think.

Kevin Tucker, CEO of Price Check

While it is possible to see some level of price increases in the future due to general cost increases and the weak rand, it seems that at this point manufacturers are aiming to create the most competitive low prices to attract customers.

It seems that price competition is a much stronger driver than the desire to gauge their customers in terms of price.

Kevin Tucker, CEO of Price Check

For more, listen to the full audio above.

This article first appeared on CapeTalk: Price Check finds no evidence of price gouging on alternative energy sources

Rosemary C. Kearney