JOHANNESBURG (Reuters) - South Africa's energy regulator Nersa on Thursday awarded state power utility Eskom an additional 6 billion rand ($393.72 million) of allowable revenue, after court rulings last year had set aside several of its earlier decisions.
At a news conference Nersa added that if the additional revenue was recouped by Eskom over the coming 2021/22 financial year, it would result in an estimated tariff increase of 10.95%. But it cautioned that the timing over which Eskom would recoup the additional revenue had not yet been decided.
($1 = 15.2393 rand)
(Reporting by Alexander Winning; Editing by Mfuneko Toyana)
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Change
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5d. change
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Capi.
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| 1,500 PTS | +0.49% | -2.96% | - | ||
