HILARY JOFFE: Eskom sees off Nersa, now it must tackle big cost items

09 August 2020 - 00:17 By Hilary Joffe

It would have been laughable if the sums involved hadn't been so serious. Last February, finance minister Tito Mboweni gave Eskom a R69bn equity injection over a three-year period to help bail it out of its financial crisis. Last March, Eskom's regulator took the money away, deducting it from the revenue it allowed the power utility in calculating electricity tariffs over the three years. Last week, the Johannesburg high court threw out the National Electricity Regulator's (Nersa's) decision. It ordered it to give back the money and commented, scathingly, on the regulator's incompetence, given that this was the third time the courts had found that Nersa had got it wrong on tariffs...

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