Nersa tariff ruling puts the economy at risk, Eskom tells court

Customers will pay much more for electricity if the troubled utility’s action against regulator succeedsElectricity pylons are seen along the cooling tower of the defunct Orlando Power Station in Soweto. Picture: REUTERS/SIPHIWE SIBEKO/FILE PHOTO

Eskom has asked the court to set aside the National Energy Regulator of SA’s tariff decision for the three financial years spanning 2019-22. The utility’s argument does not square with warnings from SA business that local industry, and its employees, will suffer the consequences of higher power prices.Eskom approached the court to challenge what it termed an “unjustified” and “grossly irrational” decision by the regulator in awarding tariff increases of 9.41% in the current financial year, 8.1% in the following one, and 5.22% in the 2021-22 year, leaving the utility with R101bn less than what it asked for.

The regulator contends in its papers that the equity injection from the government was carefully considered in its calculations, and that it “rationally considered the sustainability of Eskom, the affordability of consumers and the impact on the economy in the taking of its decision”.

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