http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.78Change: -0.08
R/$ = 11.04Change: -0.08
Au 1185.03 $/ozChange: -6.87
Pt 1215.50 $/ozChange: -4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 19, 2012

Eskom to finalise tariff application by August

Back
Eskom CEO Brian Dames discusses the utility's recent application to raise electricity tariffs. Camera work: Nicholas Boyd; Editing: Darlene Creamer
Construction|Engineering|SECURITY|Africa|Eskom|Reuters|Security|Africa|South Africa|Security|Electricity|Electricity Supply Security|Energy|Power Producer|Security|Brian Dames|Power|Security
Construction|Engineering|SECURITY|Africa|Eskom|Security|Africa||Security|Energy|Security|Power|Security
construction|engineering|security|africa-company|eskom|reuters|security-company|africa|south-africa|security-facility|electricity|electricity-supply-security|energy|power-producer|security-industry-term|brian-dames|power|security-person
© Reuse this



National power producer Eskom would submit its tariff application to the National Energy Regulator of South Africa (Nersa) by August, CE Brian Dames said this week.

He told Engineering News Online that the utility was in the process of finalising its third multiyear price determination (MYPD). It recently submitted its draft application to the National Treasury and the South African Local Government Association for comment.

The State-owned company previously reported that current tariffs were not sufficient to fund its build programme, which was pivotal in ensuring electricity supply security in South Africa.

However, Dames pointed out that various factor had to be considered in determining South Africa’s electricity tariffs going forward.

“We are very conscious of the impact of tariffs on job creation and economic growth in South Africa. But we must also be conscious of the fact that we need to invest in capacity. Not just us [Eskom], but the broader industry and private sector as well,” he noted.

A confidential document obtained by newswire Reuters last week, stated that Eskom had applied to raise tariffs by 14.6% a year over five years. The tariff increases could reach a yearly average of 19% over the same period, depending on if the government implemented a carbon tax or built new plants beyond those currently under construction, the Reuters story stated.

Eskom was granted three years of 25% power tariff hikes in 2010.

Under the second MYPD, Nersa approved average electricity price increases of 25% for the period from April 1, 2010, to March 31, 2013. However, earlier this year, the regulator announced that Eskom’s tariff increase was reduced to 16% for 2012/13, rather than the previously approved 25.9%.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 12 minutes ago JSE-listed Afrox on Friday announced cost reduction plans to improve its financial position following a decline in profit and earnings during the six months ended June 30. A “challenging trading environment” led to a 4.5% fall in profit to R169-million and a 10.2%...
Updated 31 minutes ago The deficit on South Africa's trade account widened sharply to R21.33-billion ($1.9-billion) in October, from a revised R3.04-billion shortfall in September, data from the revenue service showed on Friday. Exports fell 1.8% to 89-billion rand, while imports jumped...
Updated 35 minutes ago In a move likely to hearten Gauteng commuters who spend rush hour stuck behind big trucks, Transport Minister Dipuo Peters on Friday said her department was looking at restricting heavy vehicles during these times. "The department is considering some form of...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
  Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years.  The buildings will be the same and most of the staff will be the same but as the...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks