Ramaphosa affirms Nersa’s independence in setting tariffs, but still calls for mitigation solution

President Cyril Ramaphosa has acknowledged that tariffs that reflect the cost of producing electricity are necessary for Eskom’s financial sustainability, as well as for the utility to service its debt and to undertake the critical maintenance needed to end loadshedding. Writing in his weekly newsletter he also affirmed the independence of the National Energy Regulator of South Africa (Nersa) in setting such tariffs using a prescribed process, which includes public consultation, as well as the “importance of following the due legal process in setting tariffs”.