The controversial R54 billion settlement reached in secret in July between Eskom and the energy regulator Nersa, which consumers would have had to pay through further electricity tariff increases, will not be made an order of the court.
The ruling was handed down by the High Court in Pretoria on Sunday 21 December. It remitted the matter to Nersa and ordered it to consult the public before making a final determination.
The court found that Nersa had never accurately determined the amount due to Eskom, following errors it made in the allowable revenue for its generation division. It was merely a compromise.
