REGULATOR HEARINGS
Eskom urged to be less secretive with its operating data
Eskom comes under criticism at the Nersa subcommittee hearings for attempting to keep some of its operating data secret
Eskom came under criticism at the National Energy Regulator (Nersa) subcommittee hearings for attempting to keep some of its operating data secret. This especially related to the utility’s coal costs that were overshadowed by its dealings with the Gupta family. This comes amid widespread criticism of the parastatal for recently submitting a one-year revenue application for 2018-19 that seeks permission from Nersa to deviate from the multiyear price determination (MYPD) methodology and minimum information requirements used for tariff applications. The utility is again pleading that it is short of money. "Eskom has put forward the best information we have," Calib Cassim, Eskom GM for financial planning and economic regulation, said on Friday. But he also said the utility’s systems were unable to provide disaggregated financial data related to coal purchasing, handling and other costs at the level of each of its power stations. Presentations to the Nersa subcommittee from Business Unit...
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