Eskom confident Nersa will approve proposed tariff hike
Eskom says it believes it has a strong case for the proposed 16.6 percent tariff increase.
JOHANNESBURG - Eskom says it believes it has a strong case for increased tariffs but if the National Energy Regulator of South Africa (Nersa) turns it down it will be in a tough financial situation.
Public hearings began this week in Cape Town, Port Elizabeth and Durban into the parastatal's application for a 16.6 percent tariff increase to recoup R22.8 billion.
The hearings will end in Johannesburg next month before Nersa makes a decision on whether it will approve the application.
Eskom's Khulu Phasiwe said, "Part of the R22 billion comes from loans we have secured with some of our funders. Whether [or not] the regulator gives us the money back we still have to pay back the money."
NERSA CANCELS ESKOM'S PUBLIC HEARINGS
Nersa last week cancelled the Eskom public hearings in three provinces due to "a lack of interest".
The hearings were cancelled in Durban Nelspruit, Bloemfontein and Polokwane.
Eskom spokesperson Khulu Phasiwe said, "The regulator said presentations for Bloemfontein, Mpumalanga and Polokwane have been cancelled because of lack of interest in those areas. It must be understood that this is a Nersa process."
More in Local
-
SANDF corporal arrested for robbery awaiting trial for attempted murder
-
Gauteng ANC outraged by 'hanging' threat against Education MEC Lesufi
-
Heavy rain in CT causes flooding, traffic chaos
-
Gungubele: No less than R60bn required to shut down SAA
-
Eskom to issue new coal contracts soon to avert power crisis
-
Family of man killed during NW protest demands answers over death
Comments
EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
comments powered by DisqusHowever, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the EWN community a safe and welcoming space for all.
EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.