Eskom court victory means more pain for hard-pressed consumers
To reverse Nersa’s unlawful decision, the high court ruled R69bn can be added to the electricity tariff over three years
28 July 2020 - 20:03
SA's hard-pressed consumers and companies who are battling the devastating impact of Covid-19 and lockdowns will be hit by an increase in their electricity bills of at least 10% after a court judgment handed down in favour of Eskom in its dispute with the regulator of tariffs.
In the judgment, judge Fayeeza Kathree-Setiloane ruled on Tuesday that the National Energy Regulator of SA (Nersa) “got it horribly wrong” and acted unlawfully when including a R69bn equity injection from the government in its calculation of Eskom's allowable revenue for 2019 to 2022...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.