CONSUMERS TO PAY FOR NERSA’S R100 BILLION MISTAKE

AR100 billion calculation mistake by the National Energy Regulator of SA (Nersa) will most likely see consumers dig deeper into their pockets to pay for increased electricity tariffs.

City Press’ sister publication, Rapport, can today reveal that Nersa has withdrawn its opposition and conceded to making mistakes in calculations of tariffs to two court applications brought by power utility Eskom.

Nersa confirmed that it failed to comply with the procedural requirements when making four of its decisions regarding Eskom’s electricity tariffs. A third application has already been decided in favour of Eskom.

Eskom may now