The lobby group Organisation Undoing Tax Abuse (Outa) expressed opposition on Monday to Eskom’s bid to recover R66.6bn in revenue for the past three financial years. Outa said in its application to the National Energy Regulator of SA (Nersa) under the regulatory clearing account (RCA), Eskom was seeking to claw back from the public for its mismanagement, including the misgovernance of its coal contracts. The regulatory clearing account reconciles the costs and revenues allowed by Nersa when granting an electricity tariff increase with the actual costs and revenue incurred by Eskom. The utility’s application relates to 2014-15, 2015-16 and 2016-17 financial years. Eskom has claimed that it suffered an under-recovery of revenue and higher primary energy costs. Outa energy portfolio manager Ronald Chauke gave a presentation to a Nersa public hearing on Eskom’s application. He said the country could not afford "the incessant increases required of Eskom in the past decade, all due to poo...
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