Energy regulator Nersa will finalise our electricity tariffs for the next two years, and it's expected to 'cost us dearly.' But whether we get power supply is another story.😵 Click here📱
In April this year tariffs increased by an average of 9.61%. This would have been 15.61%, but for Nersa’s mistake.Eskom maintains that its tariffs do not reflect the true cost of supply and has been blaming Nersa’s tariff determinations partly for the financial difficulty it finds itself in, with debt of around R400 billion.
In determining the tariffs for the current financial year, Eskom submitted a RAB of R1.2 trillion, based on a revaluation by independent international experts. The new value Nersa determines will then be used in the determination of the tariffs for the following two years, according to the court order.
Energy expert Chris Yelland, managing director of EE Publishers, says he can only shake his head at the way Nersa operates. “They lose in court time and time again.” At least Nersa agreed to a settlement, says Yelland, rather than “appeal and appeal and appeal” as it has done in previous cases it has lost. “That delays tariff decisions and results in prolonged price uncertainty.”After suspending load shedding on Sunday afternoon , Eskom announced that starting on Monday afternoon, Stage 2 load shedding will be implemented from 16:00 until 05:00 every day until further notice.
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