Nersa granted leave to appeal R69bn Eskom equity judgment

The National Energy Regulator of South Africa (Nersa) has been granted leave to appeal the July 28 High Court decision relating to the recovery of R69-billion of government equity, which the court judged had been illegally deducted by Nersa from Eskom’s allowable revenue for the period 2019/20 to 2021/22. The injection comprised three R23-billion-a-year tranches and, in her judgment, Judge Fayeeza Kathree-Setiloane said that the first R23-billion should be immediately added back during the 2021/22 financial year.