Court rejects Eskom, NERSA 'secret' deal скачать в хорошем качестве

Court rejects Eskom, NERSA 'secret' deal

The Pretoria High Court has rejected a 'secret' R54 billion settlement between Eskom and the National Energy Regulator of South Africa. The court found that the agreement, conducted behind closed doors, was a violation of public policy and constitutional principles. The dispute originated from material calculation errors made by NERSA regarding Eskom's 'allowable revenue.' To correct this, the two entities bypassed the standard regulatory process and negotiated a private settlement of R54 billion to be recovered from consumers through increased tariffs. Energy expert Professor Vally Padayachee explains Tune into Newzroom Afrika DStv channel 405 for more.