Nersa awards Eskom additional R6bn revenue

South Africa’s energy regulator Nersa on Thursday awarded state power utility Eskom an additional R6 billion ($393.72 million) of allowable revenue, after court rulings last year had set aside several of its earlier decisions.

At a news conference Nersa added that if the additional revenue was recouped by Eskom over the coming 2021/22 financial year, it would result in an estimated tariff increase of 10.95%. But it cautioned that the timing over which Eskom would recoup the additional revenue had not yet been decided.

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Source: moneyweb.co.za