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Eskom will be allowed to make big electricity price increases

Eskom has welcomed a decision by the High Court to set aside the National Energy Regulator (Nersa)’s decisions on the utility’s regulatory clearing account (RCA) submissions.

The judgement now opens the door for Eskom to retroactively recover billions in tariffs for electricity used by consumers between 2014 and 2017.

“Eskom had made an application for R67 billion for the three RCA balances, whereas Nersa had determined the balanced to be R32 billion,” Eskom stated.

The power utility can, therefore, implement price increases to consumers that are much higher than the previously-approved 8.10% and 5.22% for the 2020/21 and 2021/22 financial years.

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Source: Mybroadband

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