Eskom leaves door open to possible court challenge to 2024/25 tariff hike
Eskom says although it welcomes the decision by national energy regulator Nersa to grant a 19% tariff hike for the 2023/24 financial year, it still needs the reasons for only granting a 13% adjustment for the following year.
The decision by the National Energy Regulator has been met with anger and disappointment in the wake of relentless power cuts by Eskom and rising cost of living.
On Wednesday Eskom implemented stage 6 load shedding until further notice following further breakdowns at its power stations.
General manager for regulation at Eskom Hasha Tlhotlhalemaje says once furnished with reasons they will decide on whether to approach the courts or not.
"Eskom awaits the reasons for the decision for the determination made by Nersa that will provide further insights on how the revenue determinations for FY2024 and FY2025 were derived.
"It is hoped that Nersa has taken the direction given by the courts in previous judgements on related matters and that these have been correctly addressed. In July 2022 the High Court ordered Nersa to undertake the necessary regulatory steps to assess, consult and make a determination on Eskom’s FY2024 and FY2025 Multi-Year Price Determination application.
"Nersa was granted an extension to make the decision by 12 January 2023, since it required further time."
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