Eskom applies to recoup R66bn through three RCA applications

The National Energy Regulator of South Africa (Nersa) will hold public hearings across all of South Africa’s nine provinces between May 7 and May 25 to consider three revenue claw-back applications, collectively valued at R66.6-billion, submitted by cash-strapped power utility Eskom. The regulatory clearing account (RCA) applications cover years two (2014/15), three (2015/16) and four (2016/17) of third multi-year price determination (MYPD3), which guided power tariff increases for the five-year period from April 1, 2013 to March 31, 2018.