Eskom is again dragging the National Energy Regulator of SA to court, this time for grabbing its R23bn government bailout from the Treasury, which the company needs to make it through to the end of the financial year and avoid disaster.
In determining the tariff for the next three years — a decision it announced in March — Nersa has now told Eskom in its published reasons that it offset the R69bn support package against Eskom’s allowable return on assets. This resulted in the return on assets being negative for the three years. This, in turn, resulted in a lower tariff.
The tariff decision announced in March awarded Eskom increases of 9.41%, 8.1% and 5.22% for the next three years to 2022. The decision left Eskom with a shortfall of approximately R102bn compared to what was applied for.
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