Nersa explains delay in Eskom's tariff hike decision
Nersa says it needs more time to verify information before making a decision Eskom's tariff hike application.
JOHANNESBURG - The National Energy Regulator South Africa (Nersa) says it needs to verify more information before making a decision on Eskom's application for a 16.6 percent tariff hike.
Nersa was expected to make an announcement today, but it has postponed the briefing to Tuesday.
Nersa's Charles Hlebela says they were hoping to make an announcement on Eskom's application today.
"Certain information still needs to be verified. When the invitation went out today, the energy regulator was hoping that that information would have been finalised."
Eskom maintains it presented a strong case during the hearings held across the country earlier this month.
However, there is a strong counter-argument that an electricity price hike will have a detrimental effect on consumers and business.
The Chamber of Mines has also warned that if Eskom's application is approved, 40,000 jobs could be lost.