Regulator requests more information before making Eskom tariff ruling
The National Energy Regulator of South Africa (Nersa) has requested additional information from Eskom relating to its regulatory clearing account (RCA) application arising from the second multiyear price determination period (MYPD2), which was in operation between 2010 and 2013.
For this reason, Eskom’s RCA application did not feature on the agenda of the energy regulator’s meeting on May 29, despite earlier indications that the electricity subcommittee might have been ready to make a recommendation to the meeting.
The utility is hoping to claw back ‘prudently incurred’ expenses through the RCA submission, which would be realised through an upward adjustment to the 8% tariff increase already approved for introduction on April 1, 2015.
Eskom would then probably prepare similar submissions for the MYPD3 control period, which runs from 2013 to 2018, having indicated that the 8% yearly increases granted by Nersa for the five-year period will leave it with a R225-billion financial shortfall – Eskom applied for yearly increases of 16%.
Nersa spokesperson Charles Hlebela tells Engineering News Online that the electricity subcommittee, which is chaired by fulltime regulatory member for electricity Thembani Bukula, has requested additional information from Eskom before making a final recommendation.
That recommendation could then be considered at the meeting of the energy regulator meeting, which is set down for July 30.
The energy regulator meetings, which are open to the public, usually take place monthly, but Nersa is scheduled to have a strategy planning session in the last week of June.
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