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Ted Blom doubts usefulness of Nersa hearings

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(Duncan Alfreds, Fin24)
(Duncan Alfreds, Fin24)

Cape Town – The National Energy Regulator of South Africa (Nersa) hearings have been “bitterly disappointing” and “have not worked”, an energy analyst said on Wednesday.

“I have reviewed the outcomes of the Nersa hearings that I have testified at since 2009, and if we are going to be honest, the results have been bitterly disappointing as will be gauged when one examines the records of decision,” energy analyst and spokesperson for the new OUTA (Organisation Undoing Tax Abuse) Ted Blom said.

Eskom has applied for a R22.8bn adjustment for its 2013/2014 financial year. If this is granted, it is expected to lead to a tariff hike of at least 16%, the City of Cape Town told the panel at the Cape Town leg of the hearings.

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