Ricochet News

Eskom applies for R22.8-billion tariff adjustment

By Charl Bosch - Nov 12, 2015
Eskom applies for R22.8-billion tariff adjustment

Power utility Eskom has reportedly approached the National Energy Regulator of South Africa (NERSA) for a tariff hike adjustment of R22.8-billion.

According to reports, this forms part of a Regulatory Clearing Account balance implemented during the 2013 / 2014 financial year, and would see a further increase in electricity prices if approved.

“NERSA will review Eskom’s submission and undertake a prudency review of the costs as required by the methodology,” Eskom spokesperson Khulu Phasiwe was quoted by the ANA news agency as saying.

“This will inform the decision on the quantum of the RCA. Once the quantum is determined, NERSA will decide on the liquidation of the balance which will inform the adjustment of electricity tariffs”.

The latest application comes after the state-owned parastatal, which earlier this month ruled out any chances of load shedding until next year, was granted a R7.8-billion bailout package last year aimed ongoing struggles to keep the lights on.