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Eskom asks for 20.5% power tariff hike next year

Eskom has applied for a 20.5% electricity tariff increase for the financial year that starts on 1 April 2022, it said on Wednesday, 8 December. Energy regulator Nersa rarely grants Eskom the full amount it applies for, but the size of the latest request means electricity users could face much larger power bills next year.
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko

Eskom cited an expected rise in spending on power supplied by independent producers, a carbon tax and coal procurement costs among reasons why it should be granted the sharply higher tariff, a summary of its application showed.

Nersa has to make a decision on the application by 25 February, the High Court ruled earlier this month, following a dispute between the two parties.

Eskom argues that Nersa has not allowed it to recoup sufficient revenue via electricity tariffs and says that is one of the reasons why it is dependent on government bailouts.


SOURCE

Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/
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