Pretoria - The National Energy Regulator of SA (Nersa) on Friday announced the implementation plan of the Regulatory Clearing Account (RCA) balance of R7.8 million for power utility Eskom.
“The RCA balance will be a once-off recovery from the standard tariff customers, as well as other Eskom customer categories and will only be implemented in the 2015/16 financial year,” said Nersa.
The regulator further added that the implementation of the second Multi-Year Price Determination (MYPD2) RCA in 2015/16 will result in an average tariff increase of 12.69% for standard customer tariffs.
This is up from the 8% the regulator granted Eskom in the MYPD3 decision in February last year.
On 29 August 2013, Eskom submitted its RCA assessment for the three years of the MYPD2 for consideration by the Energy Regulator.
The power utility applied for a cumulative RCA balance of R18.396 million.
“In terms of the provisions of the MYPD Methodology, the Energy Regulator has to, upon application by Eskom, assess certain qualifying allowed revenue and expenditure against actual revenue and expenditure,” said the regulator.
In July, the regulator announced that it has approved the RCA balance of R7.8 billion for Eskom.
At the time, Eskom welcomed the decision. – SAnews.gov.za
