Eskom applies for 20.5% electricity price hike in 2022

Eskom chief fiscal officer Calib Cassim has confirmed that the condition-owned ability utility has utilized


Eskom chief fiscal officer Calib Cassim has confirmed that the condition-owned ability utility has utilized for an electricity price tag increase of 20.5% for its 2023 fiscal yr, set to take impact from 1 April 2022.

The company confirmed the data adhering to a push statement from the Nationwide Strength Regulator of South Africa (Nersa), which Eskom mentioned misrepresented its software.

Earlier currently, Nersa issued a assertion revealing that Eskom’s earnings application amounts to R279 billion for 2022/23, R335 billion for 2023/24, and R365 billion for the 2024/25 economic calendar year.

“Nersa has released Eskom’s fifth Multi-Year Price Dedication (MYPD 5) income application for the 2023–2025 economic a long time,” Eskom reported in a assertion on Wednesday.

“However, Nersa has misrepresented Eskom’s profits software to incorporate different matters that are nevertheless beneath thought by the two the courts and by Nersa by itself.”

“The modern Large Court docket judgement needs Nersa to method this MYPD 5 income software for the Money Yr 2023. The remaining two years’ application is continue to the subject matter of a courtroom overview application. This is referred to as the Portion B of the assessment application.”

Nersa’s statement from previously currently also announced the timelines to method Eskom’s Fifth Multi-Yr Price tag Determination (MYPD5) profits application for the 2022/23 financial year.


Read: South Africa set for a long time of electrical power cuts as Eskom aims for profitability by 2026



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