As Nersa prepares for public hearings on Eskom’s 45% Multi-Year tariff increase request (on top of an already approved 12% increase), Energy Expert Ted Blom has called on Eskom to scrap its application as the still captured and corrupt utility should not be granted any increases until a full forensic audit has been completed. “As we now enter 2019, Eskom is rudderless,” says … [Read more...]
Why Nersa cut Eskom’s price hike
Thembani Bukula, chairman of the National Energy Regulator of SA (Nersa) electricity sub-committee, explained why the regulator cut Eskom’s price hike from the requested 16 percent a year for five years to 8 percent a year. Returns: Eskom asked for returns of 7.9 percent. Nersa limited this to an average of about 3 percent. That reduces the returns to R137 billion instead … [Read more...]
