Home South African NEWS JUST IN: High Court rejects Eskom’s bid to double electricity prices

NEWS JUST IN: High Court rejects Eskom’s bid to double electricity prices

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Court rejects Eskom’s urgent tariff application.

JOHANNESBURG, Feb 10 (Reuters) – South Africa’s high court

in Pretoria on Monday rejected state-owned power utility Eskom’s

application for urgent relief in a dispute with energy regulator

Nersa over its 2019-2022 tariff decision, Eskom said.

Eskom, which supplies more than 90% of South Africa’s

electricity, said Nersa’s decision should be set aside because

it incorrectly treated R69 billion ($4.8 billion) of state

bailouts when calculating the amount of revenue Eskom should be

allowed to recoup via tariffs.

Eskom said in a statement that, while the court dismissed

the urgency of the application, it indicated that there was

merit in its case.