{"id":247226,"date":"2023-01-13T11:12:09","date_gmt":"2023-01-13T09:12:09","guid":{"rendered":"https:\/\/www.myza.co.za\/eskom-welcomes-tough-nersa-tariff-increase-decision\/"},"modified":"2023-01-13T11:12:09","modified_gmt":"2023-01-13T09:12:09","slug":"eskom-welcomes-tough-nersa-tariff-increase-decision","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/eskom-welcomes-tough-nersa-tariff-increase-decision\/","title":{"rendered":"Eskom welcomes “tough” NERSA tariff increase decision"},"content":{"rendered":"
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Eskom Chief Financial Officer, Calib Cassim, says the electricity tariff increase announced by the National Energy Regulator of South Africa (NERSA) will contribute to the sustainability of the power utility.<\/p>\n

NERSA announced on Thursday that it was granting Eskom an 18.65% tariff increase.<\/p>\n

\u201cEskom notes the decision by NERSA. This decision will positively contribute from a financial and sustainability point of view. The revenue determination of R319 billion and R352 billion for the financial years 2024\/5 will allow a further migration towards a price level that reflects the efficient cost of producing electricity,\u201d Cassim said.<\/p>\n

The power utility said it \u201cappreciates the tough decision made by NERSA\u201d.<\/p>\n

\u201cEskom\u2026 recognises the pressures this determination will place on consumers. Once NERSA makes a decision on the restructuring of tariffs, these decisions will ensure Eskom can apply the tariff adjustments to its customers from 1 April 2023.<\/p>\n

\u201cIt is noted that NERSA has reconsidered capital related costs when compared to the previous decision. This significantly contributes to allowing Eskom to recover costs related to debt commitments,\u201d Eskom said.<\/p>\n

The power utility said apologised for the extent of load shedding.<\/p>\n

Consumers have not been spared a single day without the planned power cuts since the turn of the New Year.<\/p>\n

\u201cEskom again apologises for the severe extent of load shedding. The minimising of load shedding is the highest priority for Eskom and continuous focus at all levels in the organisation is being given.<\/p>\n

\u201cEskom notes the tempering of the volume of diesel for the operation of open cycle gas turbines to a load factor of 6%. It is evident that both Eskom and NERSA are aligned that every effort needs to be made to improve the energy availability factor at Eskom power stations.<\/p>\n

\u201cThe shortage in capacity due to both Eskom performance and the delays in the Independent Power Producers projects need to be addressed,\u201d Eskom said.<\/p>\n

Meanwhile, Statistics South Africa has revealed that the generation of electricity has decrease.<\/p>\n

\u201cElectricity generation decreased by 1.7% year-on-year in November 2022. Seasonally adjusted electricity generation increased by 1.8% in November 2022 compared with October 2022. This followed month-on-month changes of 2.1% in October 2022 and -7.3% in September 2022.<\/p>\n

\u201cSeasonally adjusted electricity generation decreased by 3.1% in the three months ended November 2022 compared with the previous three months,\u201d Stats SA said.<\/p>\n

The consumption of electricity is also on the wane.<\/p>\n

\u201cElectricity distribution decreased by 2.3% year-on-year in November 2022. Seasonally adjusted electricity distribution increased by 0.9% month-on-month in November 2022, following month-on-month changes of 2.6% in October 2022 and -8.1% in September 2022.<\/p>\n

\u201cSeasonally adjusted electricity distribution decreased by 3.8% in the three months ended November 2022 compared with the previous three months,\u201d the institution said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom Chief Financial Officer, Calib Cassim, says the electricity tariff increase announced by the National Energy Regulator of South Africa (NERSA) will contribute to the sustainability of the power utility. NERSA announced on Thursday that it was granting Eskom an 18.65% tariff increase. \u201cEskom notes the decision by NERSA. This decision will positively contribute from […]<\/p>\n","protected":false},"author":1,"featured_media":247227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-247226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2023\/01\/eskom-welcomes-tough-nersa-tariff-increase-decision.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/247226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=247226"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/247226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/247227"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=247226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=247226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=247226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}