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STOP PRESS - NERSA approves Eskom increases until 2018
*Source Enginering News (Click for full details)The National Energy Regulator of South Africa (Nersa) announced on Thursday that Eskom would be allowed to increase electricity tariffs at an average yearly rate of 8% between 2013 and 2018 - an increase that was half the 16% sought by the utility in its application for the third multiyear price determination (MYPD3) period.
From April 1, 2013, Eskom would be allowed to raise its average selling price to 65.51c/kWh. The prices would then rise to 70.75c/kWh in 2014/15, 76.41c/kWh in 2015/16 and 82.53c/kWh in 2016/17. An indication was also given that the price path should transition back towards inflation-type levels during the MYPD4 period.
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