Although Eskom turned a R7bn profit according to its results released on Friday, the state-owned entity has warned this will not be sufficient to plug the R225bn revenue shortfall it faces over the next five years. The country, in the meantime, faces continued power constraints as the first unit of new power
Browsing: Nersa
City Power announced on Thursday that it would increase its tariffs by an average of 7% from 1 July after the National Electricity Regulator of South Africa approved hikes. Nersa approved City Power’s tariff increase application across different consumer segments
South Africa’s power system will remain in peril during winter, acting Eskom CEO Collin Matjila said on Thursday. “The country still remains vulnerable and it will be the same during winter,” Matjila told reporters in Johannesburg. “While we continue with maintenance as part of our strategy to have remaining
Eskom will know by the end of the month whether it needs to increase its electricity tariffs, it said on Thursday. In a statement, the state-owned enterprise said it was awaiting a determination from the National Energy Regulator of South Africa. It asked Nersa last year to evaluate and approve the regulatory clearing account balance for its previous
Eskom’s cash flow situation is “very stable”, the power utility said on Friday. “Eskom would like to reassure the nation at large that its cash flow situation is very stable,” the company said in a statement. The power utility managed its cash flow in a responsible manner, and always made sure it had sufficient liquidity. The company had stated
Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall
Former National Energy Regulator of South Africa chairman Collin Matjila will be acting CEO of Eskom when current CEO Brian Dames steps down next week, the power utility said on Thursday. “Upon the appointment of the substantive chief executive, Mr Matjila will return to his position as a nonexecutive director
Opposition parties will continue to push for the truth behind the enforced power cut “crisis” before the elections, the Democratic Alliance said on Monday. The DA and the Independent Democrats called for an investigation into the bonuses paid to Eskom executives, as part of a range of measures to counter the
South Africans rejoiced when the National Energy Regulator of South Africa (Nersa) awarded Eskom just half the tariff increase it had applied for in February this year. But in the power utility’s annual report released on 10 July, Eskom said it would respond to its funding problem by holding off
Construction on Eskom’s Sere wind farm in the Western Cape is well under way but its purported ability to produce electricity at a far cheaper price than independent power producers (IPPs) has raised questions about the repercussions for the fledgling renewables industry in South Africa