Finweek English Edition - - THE WEEK -

Util­ity Eskom has ap­plied to in­crease elec­tric­ity tar­iffs by up to 16.6% next year. It al­ready has per­mis­sion from reg­u­la­tor Nersa to raise tar­iffs by 8% in 2016, but Eskom says this in­crease is in­suf­fi­cient to cover its costs. The util­ity is al­lowed to ap­ply for ad­di­tional in­creases where ac­tual costs ex­ceed the pro­jec­tions used by Nersa to de­ter­mine Eskom’s multi-year tar­iff in­creases. The ad­di­tional in­crease re­quested is to re­cover es­sen­tial cost over­runs of R22.8bn from the 2013/14 fi­nan­cial year. Nersa will de­ter­mine how much of this is deemed to be es­sen­tial costs.

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