The National Energy Regulator (Nersa) says it will immediately begin implementing plans that would allow Eskom to recoup over R13 billion from customers.
The cash-strapped power utility had applied to Nersa to recoup R27.3 billion through power tariffs saying it needed to cover costs incurred for the financial year 2018/19.
However, Nersa only approved Eskom to recover the R13 billion. Eskom struggles with high debts and faulty power stations and is dependent on government bailouts to stay solvent.
Nersa’s Nhlanhla Gumede says these funds will only be added onto the tariff prices, once the plan has been agreed upon.
Gumede says, “The process will start immediately, it starts with a conversation with the licensee as well as consumers of electricity. We are looking at perhaps a plan that might be developed by July/August.”
“The Eskom tariffs at the moment, the wholesale tariff, is about 85 cents per kilowatt (kWh) but that’s not the price that the consumer out there will see. Eskom retail clients will probably see in the order of R1.29 per kWh hour.”