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Nersa invites the public to comment on Eskom’s 20.5% tariff increase application.
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- Eskom chief financial officer Calib Cassim has confirmed that the state-owned power utility has applied for an electricity price increase of 20.5% for its 2023 financial year, set to take effect from 1 April 2022
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Eskom chief financial officer Calib Cassim has confirmed that the state-owned power utility has applied for an electricity price increase of 20.5% for its 2023 financial year, set to take effect from 1 April 2022.
The company confirmed the information following a press statement from the National Energy Regulator of South Africa (Nersa), which Eskom said misrepresented its application.
Earlier today, Nersa issued a statement revealing that Eskom’s revenue application amounts to R279 billion for 2022/23, R335 billion for 2023/24, and R365 billion for the 2024/25 financial year.