Outa hails Eskom disclosure order
Nersa tells power utility to reveal information on coal contracts and other details in its application for tariff increases within 30 days
The decision by the National Energy Regulator of SA (Nersa) to compel Eskom to reveal more information to support its request for a one-year increase in electricity tariffs was welcomed as a partial victory by the Organisation Undoing Tax Abuse (Outa) on Friday. Eskom applied earlier in 2017 for a hike in tariffs for 2018-19. It has confirmed only that the requested increase would be "in double digits", but it is widely expected to be about 20%. At the same time, Eskom said it could not provide some details that the regulator required, including the valuation of its assets, coal consumption and supply contracts for each power station. Eskom said on Saturday that it would provide Nersa with additional information. South Africans have become increasingly fed up with annual hikes in electricity tariffs that far exceed the consumer inflation rate as they believe they are paying for Eskom’s operational inefficiencies, corruption and overruns on construction of its new coal-fired power st...
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