The volume and price of diesel needed to help keep the lights on is one factor pushing the primary energy cost from R80bn in the current year to almost R102bn. Moneyweb loadshedding Eskom
On the eve of public hearings about Eskom’s application for a 32% tariff increase next year, it has become clear that energy regulator Nersa will have little room to deviate from Eskom’s numbers and limit the increase substantially. Independent economist Elize Kruger earlier said such an increase will have a hugely negative impact on the economy. “Households are already under huge pressure due to the high cost of food and fuel, high taxes and rising interest rates.
That means Nersa will have little scope for making big adjustments in the depreciation component of the application. Bailout adjustments Nersa is further obliged to implement a court order to add R15 billion to Eskom’s revenue in each of the following two years and R14 billion in the one thereafter, to partially compensate Eskom for an illegal deduction of R69 billion over the three years of the previous tariff period.
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