Eskom drags Nersa to court
Eskom is asking the court to set aside a tariff decision and return it to Nersa for reconsideration
11 October 2019 - 12:10
Eskom is again dragging the National Energy Regulator of SA (Nersa) to court, this time for grabbing its R23bn government bailout from the Treasury, which the company needs to make it through to the end of the financial year and avoid disaster.
Nersa is the body that determines the tariff that Eskom can charge on the basis of a formula that allows it to recover the costs of producing electricity, as long as these are incurred prudently. The bailout package is the one that was announced in February and comprises three tranches of R23bn a year for three years...
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