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Eskom Applies for 20.5% Electricity Price Hike in 2022

SOUTH AFRICA
  • Eskom CFO Cassim has confirmed that Eskom has applied for an electricity price increase of 20.5% for its 2023 financial year, set to take effect from 1 April 2022.
  • “Nersa has published Eskom’s fifth Multi-Year Price Determination (MYPD 5) revenue application for the 2023–2025 financial years,” Eskom said in a statement on Wednesday.
  • “However, Nersa has misrepresented Eskom’s revenue application to include various matters that are still under consideration by both the courts and by Nersa itself.”
  • “The recent High Court judgement requires Nersa to process this MYPD 5 revenue application for the Financial Year 2023. The remaining two years’ application is still the subject of a court review application. This is referred to as the Part B of the review application.”
  • Nersa’s statement from earlier today also announced the timelines to process Eskom’s Fifth Multi-Year Price Determination (MYPD5) revenue application for the 2022/23 financial year.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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