- Eskom wants to recover R27.2 billion from the period 2018/2019
- The energy regulator, Nersa has published Eskom's application
- If Eskom wants an extra R27.2 billion then electricity would have to increase by 11.38%
Eskom wants South Africa to cough up R27.2 billion to make up the shortfall of under-recovered funds from the 2018-2019 period.
Briefly.co.za learned that Nersa, the national energy regulator, has published Eskom's request for public comment. The power utility wants to recover the funds over a two-year period.
However, in order to recover the amount that Eskom wants Nersa would have to grant Eskom an 11.38% increase instead of the expected 5.01%.
Part of the application will require Nersa to examine Eskom's spending during 2018-2019. Eskom has revealed that it was awarded R86 billion but its costs were R99.4 billion.
The discrepancy in income and expense has been explained by Eskom as a result of several miscalculations.
One of these is lower sales than Eskom expected, load shedding had been factored into the calculation already.
Eskom also spent more on coal than they had budgeted for, R16.7 million more in fact. Eskom blamed Nersa for this because the regulator allocated less for coal purchases than the previous year according to mybroadband.co.za.
Asking South Africa to fork out more money while Eskom reintroduces load shedding during the festive season may not go down too well.
Briefly.co.za recently reported on Eskom reintroducing load shedding and blaming wet coal as one of the reasons, further adding to the woes at the power producer.
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