NERSA would not grant Eskom the R22.8 Billion variance request

  • March 1st, 2016

Following weeks of countrywide public participation meetings, NERSA announced today that it would not grant Eskom the R22.8-billion variance it had requested for the costs incurred in the production of electricity in the 2013/14 financial year.  NERSA instead approved an amount of R11.241 Billion, which amounts to a 9,4% tariff increase for the 2016/17 financial year.

According to Eskom’s CEO, Mr Brian Molefe, this decision put the recovery of diesel costs seriously in question, but will do their best to minimize the risk of load shedding, striking a balance with Eskom’s already depleted balance sheet.

In terms of the Municipal Finance Management Act (MFMA), the Minister of Public Enterprises will table the municipal increases in Parliament on or before 15 March 2016.

Download full press release:  Eskom Media Statement – RCA decision 01 March 2016