nersa
The decision on Eskom’s revenue application 2018-19 is planned to be made on 7 December 2017.

This is according to the National Energy Regulator of South Africa (Nersa) who concluded the last day of the Eskom public hearing today – the public hearings started on 30 October 2017 in the Western Cape.

The utility is requesting a 19.9% tariff increase for 2018, which has been described by the Nelson Mandela Bay Business Chamber as “crippling”.

The hearing was originally scheduled for 16 and 17 November, however the regulator decided to extend the public hearing due to the large number of registrants to present at the hearing.

Tariff increase to have negative impact

In a September statement, the Business Chamber explained that an increase “of this magnitude as crippling in the current economic climate and, if implemented, the proposed increase could have disastrous consequences for local business and the economy.”

Nelson Mandela Bay Business Chamber President Thomas Schaefer said a 19.9% increase would be commercially devastating in the current economic climate. Read more…

The statement highlighted that “the 19.9% increase is expected to translate to a 27.5% municipal tariff adjustment on July 1, 2018.”

“Not only will such an increase be crippling, but in view of the recent disclosures and reports regarding rampant maladministration and governance failures at Eskom, business and commerce is compelled to continue in its endeavours to hold both Eskom and the Regulator accountable for their actions, in the interest of the public,” Schaefer said. Read more…