Nersa approves interim tariff discount for Glencore-Merafe and Samancor smelters
How it will be funded is still unclear.
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How it will be funded is still unclear.
The energy regulator’s Rhulani Mathebula explains why the amount it owes Eskom for a tariff determination error has ballooned from R54 billion to R76 billion.
Eskom says it may struggle to keep future electricity price hikes under 10% if the courts don’t deliver a judgment on its R54-billion Nersa settlement soon.
Eskom says that unless an outstanding court case is concluded soon, it may not be able to keep future electricity tariff increases below 10%.
Electricity and energy minister Kgosientsho Ramokgopa says the era of double-digit electricity price increases is over.
Efficient Group chief economist Dawie Roodt believes that the National Energy Regulator of South Africa should be shut down.
Afriforum has temporarily halted a settlement between Eskom and the National Energy Regulator of South Africa that would allow the power utility to collect an additional R54 billion in revenue through extra tariff hikes over the next three years.
Eskom has stayed its legal challenge against the awarding of private electricity trading licences while it participates in Nersa’s trading rules formulation process.
According to former Eskom CEO André de Ruyter, no regulator should be setting electricity tariffs in South Africa, the market should decide. The only rule should be a prescribed maximum tariff, he said.
Nersa’s R54bn settlement with Eskom will place further upward pressure on electricity tariffs over the next two years.