South Africa
Nersa given until January to decide on Eskom 32% tariff hike─── 07:14 Thu, 22 Dec 2022
The High Court of South Africa (Gauteng Division) has granted the National Energy Regulator of South Africa (Nersa) an extension to 12 January 2023, to make the final decision on Eskom’s revenue application for the 2023/24 financial year.
The regulating authority was ordered to make a final decision on the application by 24 December 2022, but asked for more time with just days to spare.
Eskom has applied for a 32% tariff increase for 2023/2024.
If Eskom’s fifth multi-year price determination (MYPD5) revenue application is fully approved, a 32% tariff hike will kick in on 1 April 2023 followed by a 9.74% increase in 2024/2025.
Earlier this year, Eskom's tariffs increased by 9.61% in April but the power utility initially asked Nersa for a 20.5% increase.
