The National Energy Regulator of South Africa (NERSA) has announced that it has approved the liquidation of Eskom’s Third Multi-Year Price Determination (MYPD3) Regulatory Clearing Account (RCA) balances for the 2014/15, 2015/16 and 2016/17 financial years over a four-year period.
The decision was made at the regulator’s meeting held on 26 September 2018.
NERSA explained that on 14 June 2018, the Energy Regulator approved that a total RCA balance of R32.69 billion will be recoverable from the standard tariff customers, local Special Pricing Agreements (SPAs) and international customers.
The Energy Regulator further approved as follows:
- The RCA balance of R31.105 million will be recovered from standard tariff customers and R1.585 million will be recovered from Negotiated Pricing Agreement (NPA) and International customers.
- Table 1 below shows the liquidation of Eskom’s RCA balance over a four-year period.
- Eskom will recover R8.173 million from Standard customers for the 2019/20, 2020/21, 2021/22 and 2022/23 financial years.
- The amount that will be recovered from NPAs and exports equates to R396 million in the 2019/20, 2020/21, 2021/22 and 2022/23 financial years.
The ‘Reasons for Decision’ document will be available on the NERSA website in due course. Read more: NERSA announces decision on Eskom’s Regulatory Clearing Account