Correction issued regarding Eskom’s RCA recovery

December 11th, 2018, Published in Articles: EE Publishers, Articles: Energize

The National Energy Regulator of South Africa (NERSA) has published its Reasons for Decision (RfD) documents on Eskom’s regulatory clearing account (RCA) applications for Year 2 (2014/15), Year 3 (2015/16) and Year 4 (2016/17) of the third multi-year price determination (MYPD3).

On 14 June 2018, the regulator approved a total RCA balance of R32,69-billion for the three years as follows:

  • R12,577-billion for the 2014/15 financial year
  • R12,058-billion for the 2015/16 financial year
  • R8,055-billion for the 2016/17 financial year

On 2 October 2018, the regulator issued a statement on the liquidation of the above RCA balances. In the statement, it was indicated that Eskom will recover R8173-million from standard tariff customers from the 2019/20 financial year until the 2022/23 financial year.

This statement is corrected as follows: Eskom will recover R7776-million from standard tariff customers from the 2019/20 financial year until the 2022/23 financial year.

Everything else remain the same.

Contact Poppie Mahlangu, NERSA, Tel 012 401-4780, poppie.mahlangu@nersa.org.za

 

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