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Eskom’s Continuous Financial Losses Worry Energy Experts

Energy expert, Ted Blom, has raised concerns over Eskom’s continuing financial losses, saying electricity tariff increases is going to contribute negatively to the country’s economy.

This as the National Energy Regulator of South Africa (NERSA) prepares to appeal a High Court decision, allowing Eskom to implement a phased recovery. The judgment will see the struggling power utility recover R69 billion over three years, resulting in tariff increases.

Eskom has welcomed the court ruling, saying it allows the power utility to migrate to a position where it could be self-sufficient and recoup efficient costs.

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Written by Ph

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