Eskom to request 32% tariff hike
Eskom has confirmed that it will be applying for a 32.2% tariff hike for implementation in April 2023.
The National Energy Regulator of South Africa (NERSA) is consulting on Eskom’s Multi-Year Price Determination (MYPD) 5 revenue application for FY2024 and FY2025.
On Thursday, the power utility said it's required to provide changes in conditions that impact revenue requirements.
As a result of a court order issued in July 2022.
READ: Diesel price predicted to go up in October
The key changes include the cost and use of diesel for its open-cycle gas turbines and independent power producer costs.
The state-owned utility is also applying for a 9.74% increase for its subsequent financial year.
“In addition, proposals are made for the recovery of part of the incorrectly deducted equity support from FY 2020 to 2022 (under MYPD4) as well as the regulatory account balance decision for FY 2020. These refer to prudent and efficient expenditure being recovered four to six years later,” said Eskom in a statement.
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