Eskom’s price determination

Reasons for decision on Eskom’s regulatory clearing account applications for year 2, 3 and 4 of the third multi-year price determination 

The National Energy Regulator of South Africa (NERSA) announced on 10 December that it has published the reasons for decision (RfD) documents on Eskom’s regulatory clearing account (RCA) applications for year 2 (2014/15), year 3 (2015/16) and year 4 (2016/17) of the third multi-year price determination (mypd3). 

On 14 June 2018, the Energy Regulator approved a total RCA balance of R32.69 billion for the three years as follows: 

an RCA balance of R12.577 billion for the 2014/15 financial year; 
an RCA balance of R12.058 billion for the 2015/16 financial year; and 
an RCA balance of R8.055 billion for the 2016/17 financial year. 

On 2 October 2018, NERSA issued a statement on the liquidation of the above RCA balances. In the statement, it was indicated that Eskom will recover R8 173m from standard tariff customers from the 2019/20 financial year until the 2022/23 financial year. 

This statement is corrected as follows: Eskom will recover R7 776m from standard tariff customers from the 2019/20 financial year until the 2022/23 financial year. Everything else remain the same. 
The reasons for decision documents are available on the NERSA website at www.nersa.org.za.

NERSA press release: 10 December 2018