Nersa grants Eskom R32.69bn in RCA application

The National Energy Regulator of South Africa (Nersa) on Thursday granted Eskom R32.69-billion following its regulatory clearing account (RCA) application for the multi-year price determination period from 2015 to 2017. The cash-strapped power utility had applied for a 19.9% tariff hike to recoup R66.7-billion in additional revenue which is opposed by civil society, businesses and the public at large.