Eskom has confirmed that it is preparing an application for a reopener of the third multiyear price determination (MYPD3), under which five yearly tariff increases of 8% have been officially approved. The cash-strapped utility, which originally sought yearly increases of 16%, is looking to hikes of closer to 20% a year for the last three years of the MYPD3, which runs to March 31, 2018.