Eskom to hike electricity tariffs

File: The former MTN Group CEO was appointed to the power utility's board in 2018.

File: The former MTN Group CEO was appointed to the power utility's board in 2018.

Siphiwe Sibeko /Reuters

JOHANNESBURG - Energy regulator Nersa has given Eskom the green light to recover R13.3-billion rand from South Africans.

This is for electricity supplied in the 2018/2019 financial year.

This will hit consumers particularly hard, as the country grapples with the COVID-19 pandemic.

READ: Eskom wins tariff hike court case

Nersa says it will explain its decision, once certain requirements have been finalised.

It's also expected to draw up an implementation plan for recovering the tariffs.

Cash-strapped Eskom applied in 2019 to Nersa to retrieve back R27.3-billion rand from electricity customers.

Source
eNCA