HomeIndustry SectorsFinance and PolicyEskom continues with new pricing submission

Eskom continues with new pricing submission

Johannesburg, South Africa — ESI-AFRICA.COM — 09 December 2011 – South African national power utility Eskom Holdings is continuing to prepare its submission for the next multi-year pricing determination by the National Energy Regulation of South Africa (Nersa).

This follows hard on the hells of the announcement yesterday by energy minister Dipuo Peters that South Africa might delay electricity tariff increases. While such a move would be welcomed by consumers, it could have adverse financial consequences for Eskom

Eskom spokeswoman Hilary Joffe confirmed in a statement here that the utility was preparing its pricing submission.

“It is important to us that we meet the timelines set out by Nersa. The current multiyear price determination expires at the end of March 2013, and a new determination will be needed to cover the period from April 2013,” she explained.

The minister’s announcement of a possible delay was well received, and Eskom’s new bid for another increase in tariffs will be closely watched by business and consumer organisations.