Court sets aside three years of Eskom RCA balances

The High Court on Monday set aside energy regulator Nersa’s regulatory clearing account (RCA) decisions for the 2014/15, 2015/16 and 2016/17 financial years for state power utility Eskom, a copy of the court judgment showed.

Eskom applied to the court to dispute Nersa’s decision to only award it RCA balances of R32.69 billion ($1.9 billion) for those three financial years, compared to the R66.6 billion it had sought.