A $3 Billion Error Draws Apology From South Africa Energy Agency

Nersa faces backlash over R54bn Eskom error and hidden settlement

South Africa’s energy regulator admitted a R54bn Eskom error, sparking outrage as tariffs could rise and civil groups demand transparency.

A $3 Billion Error Draws Apology From South Africa Energy Agency

South Africa’s energy regulator apologized for a 54 billion-rand ($3.1 billion) error in calculating electricity tariffs, a mistake that will be passed on to consumers.

Nersa apologises for R54bn tariff error

South Africa’s energy regulator apologised for a R54-billion error in calculating electricity tariffs, a mistake that will be passed on to consumers. The National Energy Regulator of South Africa, which determines what State power utility Eskom can charge for electricity, announced the miscalculation last month, without providing further details. On Wednesday, it put the blunder down to a “data input error” that was picked up by Eskom, according…