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A $3 Billion Error Draws Apology From South Africa Energy Agency
An anonymous reader shares a report: 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. The National Energy Regulator of South Africa, which determines what state power utility Esk...
An anonymous reader shares a report: 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. The National Energy Regulator of South Africa, which determines what state power utility Eskom Holdings SOC Ltd. can charge for electricity, announced the miscalculation last month, without providing further details. While the mistake had been identified before the tariff determination was made in January, it wasn't rectified as indicated at the time, and only discovered five months later, the regulator said.
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