The National Energy Regulator (Nersa) of South Africa represented by Chairperson Jacob Modise, announced their findings into Eskoms Application for an electricity price hike at a press conference in Johannesburg earlier today.
South Africa breathed a silent sigh of relief as the application was turned down by the Regulator on all counts.
#NERSA chairman Mr Jacob Modise details Eskom’s reasoning behind its application – delays at Medupi, Kusile, Ingula, probs at Duvha Majuba
#Eskom Modise says Nersa conducted a 2 day public hearing – more than 30 presentations were made MV
Modise says high prices of electricity will result in job losses #Nersa #Eskom
Modise says #Eskom application does not comply with certain municipal acts #Nersa
Modise: Must balance energy producers and consumers. It is never an easy task. It is influenced by local and international markets. #Nersa
NERSA chair Jacob Modise : #Eskom has been granted excessive increases since 2008, procurement process isn’t transparent.
Nersa Chair Jacob Modise says high prices will lead to job losses #EskomTariffs
#NERSA The list of arguments against Eskom’s application for a price increase is VERY long indeed!
#Eskom Modise: Nersa is unable to assess the required usage of the OCGT’s because of lack of information.
Modise notes the delays at Medupi and Kusile as well as the Majuba silo collapse: #Nersa
Modise: SA needs an electricity price path that enables Eskom to be viable but that prices are affordable .#Nersa
Nersa Jacob Modise says important information is missing inn Eskom`s application #EskomTarrifs
#Eskom Modise dealing with lack of info and how this impacts Nersa’a ability to decide MV
Modise says #Nersa has decided not to approve #Eskom’s application
The following two tabs change content below.