Posts tagged as Tariffs

Proposed IPP “renegotiations” will threaten green energy investments and job creation

The recent stance by Public Enterprises Minister Pravin Gordhan, as reported in the Business Day, to “renegotiate” contracts with companies which won the first two rounds of South Africa’s renewable energy procurement programme (REIPPPP) will not afford South Africa the opportunity to create value, especially on the job creation front. Eskom’s current load-shedding crisis costs […]

Renewable energy IPP re-negotiation a clear breach of contract

The re-negotiation of terms with successful bidders of the first two rounds of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) would be a clear breach of contract and damaging to investor confidence says the South African Wind Energy Association (SAWEA) – an industry body which represents the interests of the majority of […]

BUSA responds to Eskom’s latest tariff increase application

Using the established multi-year price determination (MYPD) application system, Eskom has applied to the national energy regulator, Nersa, for tariff increases in excess of three-times the current inflation rate for the next three successive years. In response, Business Unity South Africa (BUSA) has made the following submission to Nersa regarding the power utility’s fourth multi-year price […]

How to deal with Eskom’s ever-rising electricity tariffs

. Eskom has applied to the National Energy Regulator of South Africa (NERSA) for a 15% tariff increase from 1 April 2019 for three consecutive years compounded, on top of a 4,5% RCA price increase already awarded by NERSA for this date, and further RCA applications in the pipeline. The power utility is facing dire […]

Eskom engages stakeholders on its revenue application 

Eskom has explained the power utility’s rationale for its average annual electricity increase application of 15% for three years under the fourth Multi-Year Price Determination (MYPD4) and Regulatory Clearing Account (RCA) balance application for 2018 to the National Energy Regulator of South Africa (NERSA). The presentation was made to stakeholders attending the Cape Town leg […]

Eskom claims R762-billion over the next three years

The National Energy Regulator (Nersa) has received Eskom’s Third Multi-Year Price Determination (MYPD3) Regulatory Clearing Account (RCA) Year 5 (2017/18) application, totalling R21,6-billion, as well as the Fourth Multi-Year Price Determination (MYPD4) revenue application, totalling R762-billion (R219-billion, R252-billion and R291-billion for 2019/20, 2020/21 and 2021/22 financial years, respectively). In February 2013, Nersa approved a total […]

Electricity tariffs to increase dramatically

The National Energy Regulator of South Africa, Nersa, has approved the liquidation of Eskom’s third mutli-year determination (MYPD3) regulatory clearing account (RCA) balances for the 2014/15, 2015/16 and 2017/18 financial years over a four-year period. On 14 June 2018, the regulator approved that a total RCA balance of R32,69-billion will be recoverable from standard tariff customers, […]

SAGI AGM: president’s report, tariffs and access problems

Members of the South African Geomatics Institute’s (SAGI) Northern Provinces branch met in Roodepoort on 13 April 2018 for the branch’s annual general meeting. The role of the South African Geomatics Council (SAGC), professional tariffs and problems with the Surveyor General website were discussed, and the institute’s president delivered his annual report. SACG’s Nape Mojapelo, […]

Liquidation of Eskom’s RCA balance to be phased in

In addresses to stakeholders in Kimberley and Bloemfontein regarding its applications for the liquidation of its outstanding regulatory clearing account (RCA) applications recently, Eskom’s general manager for regulation, Hasha Tlhotlhalemaje, said that the power utility is aware of and accepts that the RCA balance of R66-billion will be phased in over a number of years […]