If Eskom has its way, you can pay up to 50% more for electricity.
CAPE TOWN – Eskom’s bid to secure higher consumer tariffs continues in a court matter against the National Energy Regulator on Wednesday.
Nersa’s decision to count a R69 billion government bailout as revenue means Eskom will get less than what it had budgeted for with regard to tariffs.Nersa deducted this amount from Eskom’s approved revenue for the current tariff period, which ends in March 2022. Eskom argues this, in effect, nullifies the bailout.“We cannot see any evidence of Nersa considering the sustainability of Eskom. That’s why we need to be rescued by the shareholder and various equity partners.
If Eskom succeeds in its application, electricity prices will rise by 16% in April, instead of the 8.1% increase this year and the 5.22% increase next year that was initially approved by Nersa.
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