NERSA APPROVES 3 ELECTRICITY TARIFF HIKES FOR NEXT 3 YEARS

Submitted by admin on Thu, 03/07/2019 - 15:44

JOHANNESBURG - The National Energy Regulator of South Africa has announced it will increase electricity tariffs by 9.41% for the first year of 2019/20.

Nersa further announced on Thursday that for the year 2020/21, the hike will be 8.10% and 5.22% for 2021/22.

Eskom had asked for of 17.1% for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22.

 

This followed months of public hearings across the country where many businesses argued that another tariff hike would have catastrophic consequences for the economy.

Busa hopes timeframe for Eskom task team can be extended

Submitted by admin on Thu, 03/07/2019 - 12:37

The team is set to start its work on Monday and has to deliver its report to public enterprises minister Pravin Gordhan within a month.

Business Unity South Africa (Busa) said on Wednesday that it hoped the timeframe for the engineering task team mandated with investigating a host of issues at embattled power producer Eskom could be extended.

The team is set to start its work on Monday and has to deliver its report to public enterprises minister Pravin Gordhan within a month.

The state of Nersa, according to Eskom

Submitted by admin on Wed, 03/06/2019 - 13:53

Court asked to set aside three more of the regulator’s tariff decisions.

Energy regulator Nersa will announce on Thursday how much revenue Eskom will be allowed to recover through tariffs from its customers all over South Africa.

This will be in two parts – the annual revenue allocation for the next three years as well as the amount Eskom will be allowed to recover from its customers based on actual sales and expenditure in 2017/18 versus the amount projected when the revenue for that period was originally allocated about six years earlier.

Gordhan names Eskom technical review team

Submitted by admin on Mon, 03/04/2019 - 20:22

The team of 11 experts have four weeks to conduct the review, and is headed by Tsakani Mthombeni, chair of the Energy Intensive Users Group.

Public Enterprises Minister Pravin Gordhan today appointed the promised technical review team that will conduct a rapid review of operations and maintenance at Eskom’s power plants.

The team of 11 experts is headed by Tsakani Mthombeni, the chairperson of the Energy Intensive Users Group (EIUG), and retired engineer and mining professional Ian Morrison. It has four weeks to conduct the review, Gordhan’s office said.