Eskom slams Nersa

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Eskom board chair Malegapuru Makgoba says in the letter that rejecting the application would mean that the taxpayer would have to pay a R300 billion bailout to Eskom and a once-off amount of R100 billion to municipalities. Photo: Getty Images
Eskom board chair Malegapuru Makgoba says in the letter that rejecting the application would mean that the taxpayer would have to pay a R300 billion bailout to Eskom and a once-off amount of R100 billion to municipalities. Photo: Getty Images

NEWS

A decision by the National Energy Regulator of SA (Nersa) to reject Eskom’s tariff application will “completely destroy” the electricity industry, including in municipalities.

“The impact on the country’s economy, specifically on National Treasury, will be catastrophic,” Eskom said in a letter that City Press’ sister publication Rapport has seen, which was delivered to the regulator on Wednesday, on the eve of Nersa’s decision.

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