The National Energy Regulator of South Africa (NERSA) has granted Eskom R32.69 billion following its Regulatory Clearing Account (RCA) application for the 2nd, 3rd and 4th years of the MYPD 3 period (2015 – 2017).
Eskom has noted the decision and will give a detailed comment once the reasons for decision have been shared by NERSA.
Acting chief financial officer Calib Cassim said: “We made the application guided by the principles embedded in the multi-year price determination (MYPD) methodology in making regulatory clearing account (RCA) applications.
“We adhered to these principles and in addition, we applied the principles of the NERSA RCA decision on our RCA application for the 1st year of the MYPD 3 period in 2016.”
“We will be able to fully understand the basis of the decision once we have gone through the reasons for decision,” added Cassim.
NERSA media briefing to announce its decision on Eskom’s 3 RCA applications. From left: Mr Chris Forlee-NERSA CEO, Ms Nomfundo Maseti-Chairperson for Electricity Subcommittee, Mr Jacob Modise- NERSA Chairperson & Mr Charles Hlebela–HoD: Communications pic.twitter.com/tIhRnkiWu6
— NERSA_ZA (@NERSA_ZA) June 14, 2018