The National Energy Regulator of SA (Nersa), which determines the tariff that Eskom can charge for electricity, has effectively wiped out the R69bn cash injection that the Treasury allocated to Eskom in the budget in February and neutralised the government’s support package.
In March, when Nersa announced its decision on Eskom’s three-year tariff application, it calculated the return on assets in rand terms for each of three years. It then deducted the Treasury’s R23bn a year from the total.
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