Energy regulator Nersa said on Friday it will allow utility Eskom to recover R13.3-billion from customers for electricity supplied in the 2018/2019 financial year, lower than what the state-owned power utility had applied for.
Nersa said in a statement it will give its reasons for the decision once certain requirements have been finalised and will draw up an implementation plan for recovering the tariffs within a reasonable period of time.
Cash-strapped Eskom applied in August 2019 to Nersa to claw back R27.3-billion from electricity customers through power tariffs, saying it needed to cover costs incurred for the financial year 2018/2019.
Eskom was not immediately available for comment on Friday.
Eskom supplies more than 90% of South Africa’s electricity but is struggling with high debts and faulty power stations which prompted it to impose several rounds of severe power cuts last year, hurting the country’s economy.
