Eskom confirmed that it has started proceedings with the High Court to review NERSA’s decision to reject its revenue application, hoping NERSA will respond accordingly for the economy’s sake.
Eskom issued a statement on Sunday, 17 October 2021, confirming that it initiated proceedings in the High Court to review the National Energy Regulator of South Africa (NERSA) decision to reject the power utility’s MYPD 5 application. Eskom noted that as regrettable as this is, it is the only option to avoid serious and negative consequences for Eskom and by necessary consequence to National Treasury.
The urgent court review needs NERSA to urgently process the Eskom revenue application for at least a year, as required by law. Eskom submitted its revenue application to NERSA on 2 June 2021, only to be rejected by NERSA on 30 September 2021.
NERSA rejected the application requiring Eskom to make a new application based on a methodology yet to be developed. In response, Eskom noted the impossibility of this and hopes NERSA will respond accordingly for the country’s economic stability.
See the post below.
— Eskom Hld SOC Ltd (@Eskom_SA) October 17, 2021