The power utility wants to recover about R66 billion through the regulatory clearing account, which works by allowing Eskom to apply to recover a shortfall in revenue in a given year. Eskom needs to recover massive revenue losses, and electricity users will pick up the tab. According to Mining Review, Eskom wanted tariffs to increase by 30 percent by the end of 2018, over and above its annual tariff increases. Meanwhile, municipalities are also adding their markup on the 6 percent increase already granted to Eskom earlier this year.
The National energy regulator of SouthAfrica (Nersa) has approved a 5.23% average price increase which will be implemented on 1 April 2018 for Eskom direct customers and a 7.32% average price increase for municipalities which will be implemented on 1 July 2018.
