Nersa grants Eskom's tariff hike, but not 20%

Nersa grants Eskom's tariff hike, but not 20%
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South Africa’s National Energy Regulator (Nersa) has declined Eskom request for a 20% hike, instead granting Eskom a 5.2% hike.

The regulator is due to publish a document outlining the decision in the next couple of days, Nersa chair Jacob Modise said. The 5.23% tariff increase, announced by the regulator on Friday, is closely aligned with inflation in the country, as measured by the increase in South Africa’s consumer price index (CPI).

Cash-strapped Eskom which has been engulfed in a governance crisis had said it needs high electricity prices increases to shore up its balance sheet.



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