Eskom gets 9.6% tariff hike, less than half of what it sought

Energy regulator Nersa said on Thursday that it had granted struggling state-owned power utility Eskom an overall average tariff increase for the 2022/2023 financial year of 9.61%, versus the 20.5% increase it had applied for.

Nersa rarely allows Eskom the full amount it applies for, with disputes between the two often ending up in the courts.

Eskom argues that Nersa has not allowed it to recoup sufficient revenue via electricity tariffs over many years and says that is one of the reasons why it is dependent on government bailouts.  — Nelson Banya and Alexander Winning, (c) 2022 Reuters

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