Eskom seeks 19.9% tariff increase – report

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Cape Town – Eskom has confirmed that the board approved a draft revenue application for national energy regulator Nersa’s approval, after a leaked document showed it wants clients to pay 19.9% more from April 1 2018.

“The previous multi-year decision made by Nersa for the period 1 April 2013 to 31 March 2018 comes to an end on 31 March 2018,” Eskom chief financial officer Anoj Singh said in a statement on Monday.

“Therefore, there is a need for Eskom to make the next application. Nersa has approved that Eskom can make a revenue application for a single financial year – the 2018/19 year.”

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