The high court has given Eskom the go-ahead to claw back R69 billion over the next three years from customers in the form of higher electricity tariffs.
Eskom can now file a new application within 60 days to recover the costs next year.
Nersa wrapped up hearings in Midrand on Monday where the public was given a last chance to voice their views.
Energy expert Lungile Mashele said that Eskom needed all the money it could get.
The National Energy Regulator of South Africa (Nersa) has filed court papers in response to those of Eskom, which has called for the High Court to review and set aside the regulator's tariffs decisions.
In a statement, Eskom said that in keeping with a board decision reflecting the poor performance of the business, no performance bonuses had been paid to employees in the past two years.
Experts are warning that the tough economic times may lead to more uncertainty about the country's investment market.
The party hosted a press briefing at Bruma in Johannesburg on Monday.
The National Energy Regulator of South Africa has approved a tariff hike of 9.41% for this year.
Eskom CEO Phakamani Hadebe has pleaded with the National Energy Regulator of South Africa (Nersa) to consider the power utility's uncertain financial situation.
Eskom CEO Phakamani Hadebe says that if the price of electricity is not increased over the next three years, the institution will struggle to improve its financial position.
The cash-strapped utility has been granted around half of the R60 billion it was trying to claw back from customers via the electricity tariff under the regulatory clearing account mechanism.
Eskom is taking National Energy Regulator of South African to court in order for the regulator to come to a different conclusion.
There are concerns about the National Energy Regulator's move to give the public less time to comment on Eskom’s proposed 33% tariff hike.
The power utility had requested a 30% hike as part of its plan to recover tens of billions of rands lost to coal procurement, as well as the lower than expected electricity sales between 2014 and 2017.
The union says the tariff hike is likely to result in some companies shutting down, leading to more job losses, and in turn stifling economic growth.
Nersa on Friday turned down the parastatal’s application for a 19.9% tariff increase and instead granted a hike of 5.2%.
Chairperson of Nersa Jacob Modise says they will be publishing a document with all the reasons for the tariff hike.
