Eskom wants 3% on top of any tariff hike for three years to claw back R66bn-plus

State-owned electricity utility Eskom has proposed a five-year phasing-in period to recoup R66-billion-plus in cost and revenue variances contained in three separate Regulatory Clearing Account (RCA) applications. The applications are being adjudicated simultaneously by the National Energy Regulator of South Africa (Nersa), which wrapped up nationwide public hearings in Midrand on Monday.