Business Unity South Africa (BUSA) welcomes National Electricity Regulator of South Africa (NERSA’s) decision to decline Eskom’s condonation application which, if granted, would have seen the power utility raise electricity tariffs without providing the necessary motivation. “BUSA opposed Eskom’s application to raise electricity tariffs without justification from the onset. We are of the view that the application was not in line with good governance and accountability.” BUSA CEO Tanya Cohen said.

In its submission, BUSA stated that it believed NERSA’s decision needed to be in line with its duty to balance the interests of all stakeholders. Electricity price increases should be considered and determined with full disclosure of relevant information by Eskom in accordance with established procedures on a consistent, transparent and comprehensive basis.