The logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016. REUTERS/Mike Hutchings

Home » SA’s Eskom Can Recover $2.25 Billion Over 4 Years Thro’ Higher Tariffs

SA’s Eskom Can Recover $2.25 Billion Over 4 Years Thro’ Higher Tariffs

JOHANNESBURG – South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover R32.69 billion ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year period from 2019 to 2023. Eskom had been hoping to recover the costs in three years. Cash-strapped Eskom, which is […]

By Reuters
02-10-18 22:18
in Business
The logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016. REUTERS/Mike Hutchings

JOHANNESBURG – South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover R32.69 billion ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year period from 2019 to 2023.

The logo of state power utility Eskom is seen outside Cape Town’s Koeberg nuclear power plant in this picture taken March 20, 2016. REUTERS/Mike Hutchings

Eskom had been hoping to recover the costs in three years.

Cash-strapped Eskom, which is battling to emerge from governance and financial difficulties, had applied for R66.6 billion to compensate for costs that were not factored in to previous tariff increases granted by the regulator.

NERSA said in June that Eskom could recover the R32.69 billion but did not provide the time frame at that time.

(Reporting by Ed Stoddard; Editing by Edmund Blair)