State-owned energy utility Eskom says it appreciates the tough tariff decision made by the National Energy Regulator of South Africa (Nersa) for the 2023/24 and 2024/25 financial years, for which the utility has been granted tariff increases of 18.65% and 12.74%, respectively.
The utility says it is confident the decision will positively contribute from a financial and sustainability point of view, while the revenue determination of R319-billion and R352-billion for the financial years, respectively, will allow a further migration towards a price level that reflects the efficient cost of producing electricity.
