THE National Energy Regulator of South Africa (Nersa) has confirmed the receipt of Eskom’s High Court application, through which the utility is seeking to have the regulator’s decision to reject its fifth multiyear price determination (MYPD5) revenue application reviewed and set aside.
However, Nersa has yet to decide whether it will be opposing the application.
Eskom approached the courts on October 15 after the regulator voted, on September 30, to reject its MYPD5 submission, which covers the three financial years from 2022/23 to 2024/25.
Nersa rejected the application on the basis that it would be overhauling the MYPD methodology used as the basis for preparing the application, which was submitted to Nersa in June.
On September 24, Nersa released a consultation paper on a possible new methodology, indicating that the current methodology had failed to provided price stability and that a new approach was also required owing to changes under
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