Court leaves Eskom to plug revenue hole

Eskom’s bid to have the courts overrule the country’s energy regulator has been dealt its first blow as its urgent application for a tariff hike of nearly 17% in the next two years was dismissed on Monday.

Judge Jody Kollapen dismissed Eskom’s application for interim relief, which the utility wanted in order to stave off the financial crisis it said the National Energy Regulator of SA had exposed it and the country to as a whole.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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Eskom loses court application for higher tariff increasesEskom argued that without these tariffs, it and the economy will suffer catastrophic harm. Woow thank. Thats a relief Ha they want us to pay them more money just to keep the lights on? Sorry Boet, but we didn't say you must be corrupt, if we paid you how would we pay you more if you make us poor Eskom uyanya yazi
Source: eNCA - 🏆 49. / 51 Read more »

Nersa has powers to determine electricity tariff hikes, not the court - Judge Jody Kollapen | IOL NewsNersa has the sole power and expertise to determine electricity tariff increases and not the courts, ruled Judge Jody Kollapen.
Source: IOL - 🏆 46. / 51 Read more »