Johannesburg - Monday was the last day for interested parties and the public to comment on Eskom’s request for the National Energy Regulator of South Africa (Nersa) to allow the electricity utility to recover an additional R22.8bn.
Nersa approves electricity tariff increases for Eskom based on a number of assumptions on factors such as electricity demand and cost of primary energy. Depending on how those assumptions pan out, Eskom is either owed money or owes the public.
The methodology used to determine Eskom’s tariffs allows the utility, after the financial year-end, to submit its so-called Regulatory Clearing Account application based on the financial statements. This is meant to reconcile the assumptions and projections used to determine the tariffs and the actual revenue costs incurred.