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South Africa Regulator Rejects Eskom Fee-Increase Request

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South Africa’s energy regulator denied Eskom Holdings SOC Ltd. permission to raise power prices further this year so the utility can buy electricity and diesel to help ease the need for scheduled blackouts.

Eskom’s application was incomplete and the regulator’s methodology doesn’t allow for pricing decisions to be selectively reopened, National Energy Regulator of South Africa Chairman Jacob Modise told reporters in Pretoria Monday. The company can apply to recoup costs through its regulatory clearing account or make a full, new request, he said. Nersa “has not closed the door on Eskom,” Modise said.