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Nersa committee recommends that RCA judgment be appealed

The National Energy Regulator of South Africa’s (Nersa’s) electricity subcommittee will recommend that the Energy Regulator, which meets on Thursday, appeal the recent High Court judgment setting arise its Regulatory Clearing Account (RCA) determination, which enabled Eskom to increase its tariff by 9.4% on April 1. Eskom submitted an application for revenue and cost variances of R22.8-billion for the 2013/14 financial year, the first year of the third multiyear price determination (MYPD3) control period, and was granted R11.2-billion on March 1.