Power hike hear­ings for Dur­ban

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SUB­MIS­SIONS to par­tic­i­pate in the Na­tional En­ergy Reg­u­la­tor of SA (Nersa) pub­lic hear­ings into Eskom’s ap­pli­ca­tion to in­crease elec­tric­ity tar­iffs an­nu­ally by 15% closed on Fri­day.

The hear­ings will now com­mence in Cape Town on Jan­uary 14, and cul­mi­nate in Johannesburg on Fe­bru­ary 4. The Dur­ban leg takes place on Jan­uary 17 at the Dur­ban In­ter­na­tional Con­ven­tion Cen­tre from 9am to 5pm.

The ap­pli­ca­tion was made to re­cover rev­enue of R762 bil­lion over the next three fi­nan­cial years from power users through higher tar­iffs.

Ac­cord­ing to Nersa, Eskom’s third multi-year price de­ter­mi­na­tion (MYPD3) reg­u­la­tory clear­ing ac­count to­talled R219bn, R252bn and R291bn for the 2019/20, 2020/21 and 2021/22 fi­nan­cial years re­spec­tively.

The 15% an­nual in­crease is over and above the 4% Nersa al­ready granted Eskom for 2019 for ear­lier ex­penses.

To find out more about the hear­ings, log on to the web­site: www. nersa.org.za

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