THE BIG READ
Nersa has starved Eskom of ‘papgeld’
Failure to grant higher tariff increases seen as more damaging than corruption
There is a papgeld kind of feel to the relationship between Eskom and the National Energy Regulator of SA (Nersa).
The energy regulator decides how much the power producer receives — not in child maintenance (papgeld), but in the form of electricity tariff increases. And Eskom is usually unhappy with what it gets as it needs to pay the bills and run a massive household on what Nersa decides it should.