South Africa Court Rules Eskom Can Recover 10 Billion Rand in Tariffs
- Court rules Eskom can recover $681 million through tariffs
- Amount to be added to utility’s allowable revenue in 2021-22
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South Africa’s High Court ruled that Eskom Holdings SOC Ltd. can recover 10 billion rand ($681 million) from consumers, enabling the state power utility to raise electricity tariffs by 16%.
The ruling comes after Eskom and the National Energy Regulator of South Africa reached an agreement on the matter, the regulator said in an emailed statement Tuesday. It comes as Nersa appeals a ruling in July 2020 that enables Eskom to boost revenue by 69 billion rand over the next three years.