Public Enterprises Minister Lynne Brown says that Eskom will raise more debt should it fail to receive permission from the National Energy Regulator of SA (Nersa) to raise tariffs by a further 12.61% when the regulator makes its announcement on Monday afternoon.
The prospects of success for Eskom look slim. It has asked the regulator to grant a 25.3% increase from July 1 (Wednesday)‚ which includes the 12.69% already agreed to by Nersa through previous regulatory processes.
However‚ it emerged during hearings last week that the Treasury would not allow municipalities to raise tariffs more than the already agreed 12.69% until next July as they had already finalised their budgets.
“If Nersa doesn’t give the increase then Eskom will have to re-examine its finances and go out and borrow‚” Ms Brown said in an interview on Sunday.
Chances of Eskom tariff hike look slim
Public Enterprises Minister Lynne Brown says that Eskom will raise more debt should it fail to receive permission from the National Energy Regulator of SA (Nersa) to raise tariffs by a further 12.61% when the regulator makes its announcement on Monday afternoon.
The prospects of success for Eskom look slim. It has asked the regulator to grant a 25.3% increase from July 1 (Wednesday)‚ which includes the 12.69% already agreed to by Nersa through previous regulatory processes.
However‚ it emerged during hearings last week that the Treasury would not allow municipalities to raise tariffs more than the already agreed 12.69% until next July as they had already finalised their budgets.
“If Nersa doesn’t give the increase then Eskom will have to re-examine its finances and go out and borrow‚” Ms Brown said in an interview on Sunday.