applied to Nersa for an electricity price increase of 20.5% set to commence at the beginning of April 2022. The cash-strapped power utility made the application as part of its fifth multi-year price determination revenue application for the 2023 to 2025 financial years, which Nersa rejected in September last year.
The remaining two years’ application is still the subject of a court review application. The proposed price increases for the three years are 20.5%, 15% and 10% respectively. In its paper, Nersa asks stakeholders to take into account the fact that Eskom has conceded that there has been fraud and corruption. “Consequently, the allowed revenues must not be spent imprudently — in 2021 alone, more than R3-billion in procurement malfeasance has been exposed in the press.”said the metro rejects the proposed price hike, calling it “unfair, unaffordable and unjustified”.
Just as Nersa has been told to consider Eskom’s tariff hike, the high court will soon mull whether municipalities should be granted exclusive rights to distribute electricity. But when the distinction between non-municipal and municipal areas fell away in 1996, in some jurisdictions Eskom and the municipalities ended up distributing electricity simultaneously. In some of those areas, George said, Eskom is using municipal infrastructure to distribute electricity without paying for it.
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