South Africa
Eskom wins court battle against Nersa─── 11:58 Wed, 29 Jul 2020
Photo: Twitter/@Eskom_SA
A court has ruled in favour of Eskom's legal battle with the National Energy Regulator.
It means the utility will implement significant electricity tariff increases next year.
The High Court found Nersa acted illegally when deducting a R69-billion equity injection into Eskom.
Eskom is now allowed to recover the funds over a three year period.
This could mean an increase of at least 10-percent.
The utility welcomed the ruling and says it will assist in becoming financially stable.
But Nersa has expressed concerns saying the judgment, if unchallenged, will suppress economic activity.
