Nersa postpones RCA determination to March 1 to enable ‘further verification’

25th February 2016

By: Terence Creamer

Creamer Media Editor

  

Font size: - +

The National Energy Regulator of South Africa (Nersa) has postponed a briefing, scheduled for Thursday, February 25, to announce the outcome of its deliberations on Eskom’s Regulatory Clearing Account (RCA) application – it would now make its determination known on Tuesday, March 1.

The regulator said in a statement that the postponement was necessary, because of “further verification that needs to be conducted on certain information”.

Through its RCA submission, Eskom is seeking to recoup R22.8-billion in revenue and cost variances for the 2013/14 financial year; the first year of a five-year multiyear price determination period, which runs until March 31, 2018

The largest single component of the clawback request relates to an R11.7-billion revenue variance, while the second-largest claim arises from Eskom’s use of R8-billion more in diesel than the R2.5-billion sanctioned for the year.

Nersa received Eskom’s application in late 2015 and held public hearings in many provinces in late January and February, 2016.

Stakeholders generally urged the regulator not to approve the application, which could result in electricity tariffs increasing by nearly 17% from April 1, instead of the 8% already sanctioned for the year.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION