R/€ = 13.29
R/$ = 11.70
Au 1207.85 $/oz
Pt 1174.50 $/oz
Jul 10, 2007
Nersa sets Dec 20 for Eskom tariff verdictBack
© Reuse this South Africans will hear on December 20 how much more they will have to pay for electricity in 2008, when the national energy regulator hands down its final decision.
The National Energy Regulator of South Africa (Nersa) spokesperson Nhlanhla Cebekhulu said on Tuesday that Nersa, the body regulating the electricity, piped-gas and petroleum pipeline industries, would make its decision on State-owned Eskom’s proposed 18% price hike public on December 20.
Nersa was finalising a preliminary report on the proposed electricity increase, which would pave the way for the public comment period to get under way.
Nersa regulates the country’s electricity prices, which are among the world’s lowest, by a three-year multiyear price determination (MYPD).
In February 2006, the regulator approved a 5,1% price increase for 2006, 5,7% for 2007, and 6,2% for 2008.
Cebekhulu added that Nersa had also completed its first stakeholder consultation meeting on the second MYPD, a process that kicked off late last year.
He said that Nersa was now consolidating reports from the stakeholder meeting.
Prior to the introduction of the MYPD, the electricity prices used a rate-and-return methodology.
Edited by: Liezel Hill© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Updated 5 hours ago Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue...
Updated 6 hours ago South Africa's cash-strapped power utility Eskom may sell some of its assets to raise capital as it scrambles to light up Africa's most advanced economy, the company's chief executive said on Thursday. Eskom, which provides virtually all of South Africa's power,...
Updated 7 minutes ago The Department of Human Settlements was awaiting the conclusion of a land acquisition strategy to identify, earmark and allocate available State-owned land for housing purposes. Human Settlements Minister Lindiwe Sisulu said only two-million hectares of the...
Updated 18 minutes ago British oil company BP expects to invest around $12-billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55-million barrels of condensates. The supply deal will help Egypt as it tackles...
Updated 2 hours 52 minutes ago A second full electric vehicle has entered the South African market, following the local debut of the Nissan Leaf in 2013. The BMW i3 BEV sells for R525 000, while the derivative with a range extender, the i3 REx, sells for R595 000.
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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.
This Week's Magazine
The World Bank, the European Union, the African Development Bank (AfDB) and the government of Sweden have agreed to provide Zimbabwe and Zambia with $294-million for the repair of structural deformations on the Kariba dam wall and avert the possible collapse of the...
Executive chairperson of the Global Electricity Initiative (GEI) Philippe Joubert says energy utilities globally, together with the business community more generally, have come to terms with the science of climate change, particularly as extreme weather events begin...
JSE-listed Emira Property Fund reported distribution growth per participatory interest (PI) of 9% for the six months ended December 31, 2014.
Sub-Saharan Africa is still faced with the challenge of providing citizens access to electricity and an additional $450-billion will need to be invested to ensure that people in urban areas have access to electricity by 2040.
Consulting Engineers South Africa (Cesa) last month said it was dismayed that the Department of Water and Sanitation (DWS) was seconding 35 Cuban engineers on a two-year contract to share their expertise with South African engineers in the water sector.