Date: 28 July 2019 , 21:08
News ID: 5521
NEWS SERVICE: ENERGY

Eskom to fight energy regulator in court, Mining Weekly says

Eskom Holdings SOC Ltd. is challenging the South African energy regulator in court over a tariff increase the state-owned utility says isn’t sufficient, Mining Weekly reports, citing court papers.
Eskom to fight energy regulator in court, Mining Weekly says

The debt-laden company is asking a High Court to review a price increase awarded by the National Energy Regulator of South Africa which Eskom says doesn’t consider the cost of generating electricity, the website says. The utility will argue that delays in processing so-called regulatory clearing accounts during the past three tariff applications played a role in worsening its liquidity position.

Eskom was granted an electricity price increase of 9.4% in April, less than the 17% it has requested. The utility will raise tariffs by 8.1% next year and 5.2% the one after.

source: MINING.COM
Eskom Energy mining South African debt
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