Nersa confirms appeal of court’s RCA judgment

August 25, 2016

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The National Energy Regulator of South Africa (Nersa) confirmed on Thursday that it would appeal the August 16 North Gauteng High Court judgment setting aside its approval of Eskom’s third multiyear price determination (MYPD3) Regulatory Clearing Account (RCA) adjustment for the 2013/14 financial year. Eskom submitted an application for revenue and cost variances of R22.8-billion for the financial year in question and was granted R11.2-billion on March 1, resulting in a 9.4% tariff increase on April 1. Had the RCA clawback application been rejected, the tariff would have increased by 3.5%.

Category: General