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Eskom’s 25.3% Tariff Application

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The National Energy Regulator (Nersa) will only make a decision whether it will authorise Eskom’s application to hike tariffs by 25.3% on June 29, 2015.

Nersa said in a statement that it had determined the timelines for processing Eskom’s application for the selective reopening of the Third Multi-Year Price Determination (MYPD3) decision for the 2015/16 to 2017/18 period on Wednesday.

Energy expert Chris Yelland tweeted that the public should bear in mind that Eskom already implemented approximately half of the 25% increase for which it is making an application on April 1.

Last week, Nersa announced that it had received Eskom’s application for the re-opening of tariff negotiations for 2015-16.

Eskom needs R32.9bn to supplement its generation capacity with open-cycle gas turbines and R19.9bn for its short-term power-purchasing programme and the impact of the increase in environmental levy, according to a Nersa statement.

The 25.3% comprises 12.69%, which has already been granted, 10.1% for gas turbines and power purchasing, and a 2.51% increase for environmental tariffs.

From 1 April, direct Eskom customers pay 12.6% more for electricity and Eskom charges municipalities 14.2% more. Households will only know in July how their municipalities will pass on their tariff increases.

Timelines for processing Eskom’s MYPD3 selective re-opener application:

  • 13 May 2015: Publication of Eskom’s MYPD3 selective re-opener application on Nersa website for stakeholder comments
  • 15 June 2015: Closing date for stakeholder comments on Eskom’s MYPD3 selective re-opener application
  • 23 to 24 June 2015 (2 days): Public Hearing on Eskom’s MYPD3 selective re-opener application
  • 29 June 2015: Energy Regulator decision on Eskom’s MYPD3 selective re-opener application

“Nersa would like to encourage stakeholders and the public to actively participate in this process by submitting written comments and attending or making oral representation at the public hearing to be held from 23 to 24 June 2015,” it said in a statement.

Written comments can be forwarded to mypd3@nersa.org.za or hand-delivered to Kulawula House, 526 Madiba Street, Arcadia, Pretoria or posted to PO Box 40343, Arcadia, 0083, Pretoria, South Africa. The closing date for written comments is 15 June 2015 at 16H00.

Eskom’s MYPD3 selective re-opener application is available on the Nersa website at www.nersa.org.za

– With additional reporting from Netwerk24.

Fin24

Editor: THAT 25.3% tariff hike will make the business case to install grid tie / hybrid Solar Systems very much more attractive – click here to get a quote.

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.