Eskom asks Nersa for R22.8bn at tariff hike hearings
Cape Town – Eskom on Monday submitted an RCA application of R22.8bn to the National Energy Regulator of SA (Nersa).
The so-called Regulatory Clearing Account application relates only to the 2013/2014 financial year and Eskom indicated that an application regarding the 2014/2015 financial year will come at a later stage.
The RCA application is for cost recovery and revenue adjustments based on actual past variances and not a revenue application based on future estimates, Anoj Singh, Eskom’s chief financial officer, told the Nersa panel.
Singh's submission marked the start of Nersa's public hearings into why Eskom’s application to recover an additional R22.8bn through an electricity tariff increase should be granted.
The Nersa public hearings kicked off in Cape Town on Monday and will end in Midrand on February 5.