Nersa has decided to give Eskom R665 billion in revenue over the next three years. But instead of three consecutive price hikes of more than 15% like Eskom wanted, Nersa granted price hikes of 9.41%, followed by 8.1% and then 5.22% by JustinBrownSA
The power utility had sought a total of R784 billion in revenue over the next three years, made up of power increases of more than 15% as well as R21.6 billion to recover revenue shortfalls.
Regarding the revenue shortfalls, Nersa only granted Eskom R3.86 billion as the state energy regulator debarred most of Eskom’s claims. Eskom had applied for R219 billion for the 2019/2020 financial year, R252 billion for the 2020/21 financial year and R291 billion for the 2021/22 financial year.
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