BUSINESS NEWS

NERSA gives Eskom a nod to increase electricity

This was confirmed by both the utility and NERSA (National Energy Regulator of SA).

Welcoming the ruling on Tuesday evening, Eskom said the judgment would help the power utility recover efficiently incurred costs for the production of electricity.

On Monday, the North Gauteng High Court’s Justice Joseph Raulinga ruled that R10 billion was to be added to Eskom’s allowable revenue in the same financial year.

“The ruling also contributes to the user pay principle and is likely to lessen the financial burden of supporting Eskom on the government, releasing the government to focus on other priorities.

“Implementation of the order will allow Eskom to move towards addressing some of the revenue shortfalls and enable Eskom to recover prudently incurred costs for the production of electricity, which will help to improve Eskom’s financial sustainability,” Eskom said in a statement.

The announcement follows Eskom and NERSA reaching an agreement on the power utility’s allowable revenue for the 2021/2022 financial year last month.

One would only hope with the increase this loadshedding will be a thing of the past- if only horses were wishes!

Meanwhile, some parts of Soweto that were affected by the power outage due to a lightning strike over the weekend, are receiving attention.

This was confirmed by Gauteng Eskom’s spokesperson, Reneiloe Semenya, today.

Restoration of electricity in affected areas such as Pimville, Moroka, CWJ and others is receiving attention, she said.

Heavy rains all over the country contributed to lightning impediments that affected Eskom power stations.

Related posts

Basha Uhuru fest (not yet freedom) ends youth month programme

Sydney MORWENG

North West FM is beefing up and it ain’t funny, stru!

Sydney MORWENG

Honda Civic RS – is no ordinary sedan -Benz, BMW and taxis can attest to that!

Sydney MORWENG

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.