Tariff hike gouges R102bn hole at Eskom
Tariff increases are more than twice the upper limit of the Reserve Bank’s 3%-6% inflation range
The national energy regulator’s decision to grant Eskom tariff increases much less than what it asked for will leave the embattled utility with a R102bn revenue shortfall.
Eskom, which economists and ratings agencies have described as the single biggest risk to SA’s economy, said it was "keenly" awaiting the National Energy Regulator of South Africa’s (Nersa’s) reasoning for allowing it to raise prices 9,41% in 2019, 8,1% in 2020 and 5,22% the following year.
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Nersa decides against a 15% tariff hike for Eskom