Eskom attempts to hike tariffs amid financial impact of load-shedding

Eskom attempts to hike tariffs amid financial impact of load-shedding

- The lights are on and off in South Africa but that hasn't stopped Eskom from seeking a tariff hike

- A ruling over the matter will be disputed as the embattled entity attempts to charge more for power

- The recent outages have increased the urgency with which the increases are pursued

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Eskom will be attempting to recoup the losses incurred during the ongoing power outages with an bid to hike electricity tariffs.

The South African reports that this comes despite the utility's inability to keep the nation powered.

Ted Blom, a senior energy expert, has called on the nation to voice their opinions as Eskom seeks to push the threshold further than what the National Energy Regulator allows for.

Blom insists that load-shedding has cost Eskom over R27 billion, prompting the utility to put more effort into a High Court bid to challenge the limits imposed by NERSA earlier this year.

READ ALSO: Ramaphosa adamant those responsible for Eskom sabotage will pay

Eskom executive Hasha Tlhotlhalemaje has confirmed Eskom is attempting to recover R34 billion spent on operations last year.

Another legal bid has been launched over a R69 billion bailout and the increase in tariffs.

Blom shed some light on the legal processes currently underway, commenting:

“The first applications are expected to be heard early next year. Eskom is arguing that Nersa short-changed it by at least R100-billion and is asking the court to order the claw back of at least R69-billion."

Should the urgent application prove successful, it could see a 16.6% tariff increase next year, over double the current proposed hike of 8.1%.

Meanwhile, Briefly.co.za reported that President Cyril Ramaphosa partially blamed alleged sabotage at Eskom for the increase in load-shedding.

In response, former Joburg mayor Herman Mashaba has called for a public audit of the utility, with jail time for those found to be corrupt.

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Source: Briefly.co.za

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