Eskom Can Raise $3.4 Billion From Tariffs After Regulator Error
Electrical transmission towers and power lines in the Kwa-Guqa township near Emalahleni, in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergSouth Africa’s energy regulator has allowed state-owned Eskom Holdings SOC Ltd. to raise tariffs and recover 54.7 billion rand ($3.4 billion) over three years after a series of pricing errors and a failed attempt to settle the matter privately.
The National Energy Regulator of South Africa said Eskom can increase electricity tariffs by as much as 8.3% a year through the 2028 financial year, according to a statement issued Sunday.