Electricity parastatal Eskom has failed to secure permission to hike annual tariffs by 18% after the National Energy Regulator (Nersa) on Thursday ruled that it may only implement a price increase of 14,2%.
Nersa said that the rule changes applied for by Eskom in April had been declined.
Eskom had requested that it be allowed to increase tariffs by 18,7% during the 2008/09 financial year to maintain effective operations following a steep increase in its input costs of coal and the need to finance capital expenditure.
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