Eskom asks for extension to submit its tariff increase application
ESKOM on Friday announced that it has asked the National Energy Regulator of South Africa (Nersa) for an extension of approximately one month to submit its application for tariff increases for the period from April 1 next year.
"This is to allow Eskom time to do additional scenarios which government has requested to be included in the application," the power utility said in a statement. Eskom was due to submit its application on Friday.
Electricity tariffs are decided by Nersa in multi-year price determinations, with the current tariff agreement covering the period up to March 31 2013. Though previous determinations have been for three years, Eskom will now propose a five-year determination to ensure a predictable, longer-term price path for customers, investors and the country.
Nersa conducts an extensive programme of public participation before making its decision, which is due early next year. "Once Eskom has submitted its application it will announce the details and encourage South Africans to participate in the process and engage with the application," Eskom said.