Eskom issued a statement today, saying that it is challenging the National Energy Regulator of South Africa (NERSA)’s latest decision on tariffs in court.
Eskom said that NERSA had published the reasons for decisions for its MYPD4 revenue decision and the Regulatory Clearing Account (RCA) balance decision for the 2018 financial year. NERSA’s MYPD4 decision that was made on 7 March 2019 in terms of which tariff increases of 9.41%, 8.1% and 5.22% were allowed for the next three years to 2022 left Eskom with a shortfall of approximately R102 billion compared to what was applied for. (more…)
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