Business Day: Eskom must come clean on coal, groups tell Nersa hearings

By November 16, 2017Articles
Business Day has reported on the Nersa hearing.

Eskom was sharply criticised at National Energy Regulator (Nersa) subcommittee hearings for trying to keep some of its operating data secret.

This especially related to the utility’s coal costs that were overshadowed by its dealings with the Gupta family.

The castigation comes amid widespread criticism of the parastatal for recently submitting a one-year revenue application for 2018-19 that seeks permission from Nersa to deviate from the multiyear price determination (MYPD) methodology and minimum information requirements used for tariff applications.

The utility is again pleading that it is short of money.

“Eskom has put forward the best information we have,” Calib Cassim, Eskom GM for financial planning and economic regulation, said.

But he also said the utility’s systems were unable to provide disaggregated financial data related to coal purchasing, handling and other costs at the level of each of its power stations.

Read the full article here.

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