Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity

Steel and Engineering Industries Federation of Southern Africa (Seifsa) used the platform created by ongoing National Energy Regulator of South Africa (Nersa) hearings to call for a moratorium on additional electricity tariff hikes, arguing that further increases would undermine the country’s Economic Reconstruction and Recovery Plan. The hearings are being held to assess a supplementary application submitted by Eskom in line with a court decision to remit the regulatory clearing account (RCA) decisions for the 2015, 2016 and 2017 financial years back to the regulator for reconsideration.