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Eskom’s application to Nersa could mean 15% average tariff increase

Business News 1 week ago

In its application, Eskom proposes that the R5.4 billion be added to the R13 billion RCA balance and the total R18.4 billion liquidated through increased tariffs next year.


15 Sep 2020
PREMIUM!
Eskom’s application to Nersa could mean 15% average tariff increase

Eskom electricity pylons. Picture: Gallo Images / Nardus Engelbrecht

Eskom has submitted a R5.4 billion supplementary tariff application to energy regulator Nersa, and for the first time it has also included interest – to the tune of R1.3 billion – in the application. This follows a high court order made by Judge Jody Kollapen in March, that found Nersa’s determination of Eskom’s tariffs for 2018/19 was irrational and unlawful. Kollapen set the determination aside. At that stage, Eskom’s R27 billion Regulatory Clearing Account (RCA) application was already before the regulator. The RCA is a risk-mitigating mechanism that provides for retrospective adjustments – in favour of either Eskom or consumers...

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