Eskom wants South Africans to pay more for electricity, despite load shedding
Eskom and the energy regulator are heading to court after the power utility approached the High Court in Pretoria, asking that it set aside part of Nersa’s decision to limit its revenue from electricity tariffs.
While load shedding remains a daily threat, South Africans could pay more for electricity.
Eskom and the energy regulator are heading to court after the power utility approached the High Court in Pretoria, asking that it set aside part of Nersa’s decision to limit its revenue from electricity tariffs.
In the court papers, Nersa is arguing that the embattled power utility’s incompetence and maladministration have resulted in the public forking out more money.
Electricity prices could increase by as much as 16% should Eskom’s court application succeed next week.
Energy expert Ted Bloom explained: “I have doubts whether Eskom would win this one. Technically, they admitted that they are wrong and did the wrong thing.”
Nersa has deducted the R69 billion government bailout from the utility’s approved revenue for the current tariff period, which ends in March 2022.
Bloom said this would see tariffs increase even more.
“They claim that they are R102 billion down the hole and they’ll try to reclaim that over three years, so that comes to roughly 18% increase for our tariffs.”
In other news – Cassper Nyovest plans to buy a mansion worth 20 million
Cassper Nyovest expressed new found love for securing properties this year and further said he would be buying a mansion worth 20 million. Taking to Twitter, the rapper said he saw a house he so wants to buy in Camps Bay, but it might take him 2-7 years to get the money.
“Everytime i go to Camps Bay i find a house i want!! Saw this modern Mansion worth 20 million & i want it sooo bad. Ima work my but off for that baby. continue reading
Source: EWN
