The National Energy Regulator of SA (Nersa), which sets electricity tariffs for Eskom, has rejected the company’s latest price application and told it to submit a new one, based on a new methodology that Nersa itself has not finalised.

The move is a sudden and dramatic intervention by Nersa, which Eskom says is impossible to fulfil within the short timelines Nersa wants. Due to the complexity involved, it takes Eskom at least a year to prepare a pricing application. It submitted its application for the period 2022-2025 on June 2...

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