South Africa's energy regular has made a decision on Eskom’s Regulatory Clearings Account applications for year 2, 3 and 4 of the third Multi-Year Price Determination.
The National Energy Regulator of South Africa (NERSA) announced on Monday that it has published the Reasons for Decision (RfD) documents on Eskom’s Regulatory Clearing Account (RCA) applications for year 2 (2014/15), year 3 (2015/16) and year 4 (2016/17) of the third Multi-Year Price Determination (MYPD3).
On 14 June 2018, the energy regulator approved a total RCA balance of R32.69 billion for the three years as follows:
- an RCA balance of R12.577 billion for the 2014/15 financial year;
- an RCA balance of R12.058 billion for the 2015/16 financial year; and
- an RCA balance of R8.055 billion for the 2016/17 financial year.
On 2 October 2018, NERSA issued a statement on the liquidation of the above RCA balances. Read more: Public consultation on Eskom applications initiated
In the statement, it was indicated that Eskom will recover R8,173 million from standard tariff customers from the 2019/20 financial year until the 2022/23 financial year.
That statement has been corrected as follows: Eskom will recover R7,776 million from Standard tariff customers from the 2019/20 financial year until the 2022/23 financial year.
Everything else remain the same. Find the full document here.
Public hearing for Eskom’s RCA
As of 14 January 2019, the energy regulator will be holding public hearings regarding Eskom’s RCA 5.
Public hearings on Eskom's Third Multi-Year Price Determination Regulatory Clearing Account (2017-18) and Fourth Multi-Year Price Determination applications. pic.twitter.com/TLJGFxqOky
— NERSA_ZA (@NERSA_ZA) December 10, 2018