Phakamani Hadebe hopes the Eskom board has done enough to win Nersa’s favour
A favourable outcome of Eskom’s application to the National Energy Regulator of SA (Nersa) for a R66.6bn settlement under the regulatory clearing account for three years from 2014-2017 would go a long way in ensuring the financial position of Eskom, the utility’s interim CEO, Phakamani Hadebe, said on Monday. Hadebe spoke at the public hearing held by Nersa on Eskom’s application for the 2014-15, 2015-16 and 2016-17 financial years. The regulatory clearing account compares the costs and revenue assumed by Nersa in making its multi-year price determination (MYPD) and the actual costs and revenue incurred by Eskom with a view to making compensation where considered necessary. Eskom has to demonstrate that the additional costs were legitimately incurred and that they qualify under the rules. If they do not qualify, these costs, including certain operational costs, have to be absorbed by Eskom. Hadebe detailed the efforts that the new Eskom board was taking to ensure the operational and...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.