The Gauteng High Court has ordered NERSA to process Eskom’s revenue application for the 2023 financial year, in accordance with the prevailing Multi-Year Price Determination Methodology
3 December 2021
The North Gauteng High Court has ordered the National Energy Regulator of South Africa (NERSA) to process Eskom’s application and to make a revenue decision for the Financial Year 2023, which begins on 01 April 2022. This follows an urgent application by Eskom to overturn overturns NERSA’s decision to reject the Eskom revenue application. This revenue decision will be based on the application made by Eskom to NERSA on 2 June 2021. In a judgement today, the high court has confirmed that this methodology remains valid, until replaced by an alternative process.
“The decision by the High Court comes as a relief as it will contribute to the stability of the electricity industry and thereby the economy of the country,” said Hasha Tlhotlhalemaje, Eskom’s General Manager for Regulation.
Eskom made the revenue application in accordance with the prevailing methodology as published and approved by NERSA in 2016, the Multi-Year Price Determination (MYPD) methodology.
In implementing the court judgement, the High Court ordered NERSA to follow the following timetable: