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Nersa studying ruling to set aside Eskom tariff hikes

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(iStock)
(iStock)

Cape Town - The National Energy Regulator (Nersa) announced on Wednesday that it is studying and analysing the North Gauteng High Court ruling on its decision earlier this year regarding Eskom’s regulatory clearing account (RCA) application for the first year of the Third Multi-Year Price Determination (MYPD3) period for the 2013/14 financial year.

The court ruled on Tuesday that Nersa must review its decision to allow Eskom to increase prices from April 1, after a group of business people argued Eskom needed to be more open about its expenses.

The RCA allows Eskom to obtain adjusted revenues for prior years by after the fact adjustments to the electricity price. Once Nersa has approved it, the adjustment is effected through price increases in subsequent years.

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