Why Eskom fought for electricity tariff hikes via TheCitizen_News
Last year, the National Energy Regulator of SA effectively refused Eskom’s proposed tariff increases – of around 15% – for each of the 2019-2021, 2020-2021 and 2021-2022 financial years.
This prompted Eskom to approach the court, with an application to review and set aside Nersa’s decision. At the heart of Eskom’s case was Nersa’s deduction of a controversial R69 billion government bailout from the total amount the power utility had indicated it needed for the three years in question – in tranches of R23 billion a year.
The energy regulator has since acknowledged what the regulator labelled “procedural unfairness” on its part but was unhappy with the ruling handed down on Tuesday, in which Judge Fayeeza Kathree-Setiloane effectively ordered the R69 billion be re-added and hiked up the 2021-2022 tariffs – from 116.72 c/kWh to 128.24 c/ kWh.
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