Property industry joins call to scupper Eskom tariff bid
As one of the latest organisations to come out in opposition to a tariff hike application by Eskom, the South African Property Owner’s Association (Sapoa) has cautioned that the energy utility’s 16% price hike bid, if approved, would have a considerably negative effect on the South African property industry.
“The huge increase will definitely have an effect on the property industry in an economy which is slowing at a rapid pace, where vacancy rates are on the increase, and where many retailers are closing down due to high rental costs," commented Sapoa CEO Neil Gopal, whose organisation represented retail, office and industrial property owners.
Eskom’s application came as a regulation to affect the roll-out of smart electricity meters was being revised, which would, Sapoa argued, improve grid control and revenue management.
“We are in for a bumpy ride and a significant game change in the property sector in so far as utilities are concerned,” he cautioned.
The National Energy Regulator of South Africa (Nersa) continued to hold public hearings on Eskom’s application for the evaluation and approval of the clawback of the regulatory clearing account (RCA) balance for the financial year 2013/14 for the third multiyear price determination (MYPD3).
The RCA process reconciled variances between the actual costs that Eskom incurred in each financial year in the production of electricity and the MYPD record of decision by Nersa.
Eskom had submitted an RCA application to recover R22.8-billion, translating into a proposed 16% tariff increase.
Comments
The
content
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation