Eskom’s 32% price hike decision pushed to December

Regulatory members of the National Energy Regulator of South Africa (Nersa) were scheduled to decide on Eskom’s multiyear tariff increases for the 2023/24 and 2024/25 financial years on Tuesday (29 November) – but the items on the agenda were withdrawn due to apparent miscalculations.

A member of Nersa’s electricity subcommittee, Nhlanhla Gumede, submitted at the beginning of the meeting that the three items regarding Eskom’s multiyear price determination revenue application be withdrawn.

“It has unfortunately been identified that gremlins slipped into the calculations, and we need to make sure that, as a regulator, when we make decisions, we make a decision based on correct numbers,” Gumede said.

“We would like to request as the electricity subcommittee, with apologies to the energy regulator members and the public, that we would like those items to be withdrawn and that they would be brought back for a decision before the end of December,”