State-owned power utility Eskom expects to submit its tariff application to the National Energy Regulator of South Africa (Nersa) within “the next two weeks".
Addressing a state-of-the-system update on Friday, CEO Brian Dames said that the final touches were being put to the submission, which was initially meant to be handed over to Nersa on August 31.
Eskom was forced to revise its third multiyear price determination period (MYPD3) tariff application following a request from government, which wanted the application to reflect some of the new-build options covered by the Integrated Resource Plan, but not included in Eskom’s initial draft.
Dames said that once the submission was made it would provide full details of what this could mean for electricity tariff prices for a five-year period from April 1, 2013, to March 31, 2018.
Nersa would also host hearings on the application to allow the public to make input and comment.
It had been reported separately that Eskom would be seeking yearly increases of between 14.6% and 19% over the period, which was likely to meet resistance from stakeholders.
Edited by: Creamer Media Reporter
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