Eskom made an urgent application to Nersa to increase the electricity tariff by 25.3% for the 2015\/2016 financial year, the national energy regulator said on Friday.<\/p>\n
This includes the 12.69% price increase that has already been approved by Nersa.<\/p>\n
Nersa said in a statement Eskom has now applied to the regulator for the selective reopening of the Third Multi-Year Price Determination (MYPD3) decision for the 2015\/2016 to 2017\/2018 period.<\/p>\n
According to Eskom this is because it requires cost recovery of R32.9bn for Open-Cycle Gas Turbines (OCGTs) and R19.9bn for the Short-Term Power Purchase Programme (STPPP).<\/p>\n
Eskom wants a 10.10% selective reopener for OCGTs and STPPP and a 2.51% increase in the environmental levy by 2c\/kWh.<\/p>\n
Eskom submitted its selective reopener application for consideration by the Energy Regulator last week.<\/p>\n
This follows Eskom\u2019s conclusion of its consultation process with the South African Local Government Association (Salga) and National Treasury.<\/p>\n
Nersa said in its statement issued on Friday that the energy regulator is considering the application, taking into consideration the urgent need to stabilise the electricity network to avoid a possible total blackout and Eskom\u2019s operational and financial challenges.<\/p>\n
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