The Portfolio Committee on Energy will today be briefed by ESKOM, the National Energy Regulator of SA (NERSA) and the SA Local Government Association (SALGA) respectively on the Multi-Year Price Determination 3 (MYPD3).
The meeting is subsequent to a decision taken by NERSA at the beginning of this year. The energy regulator approved an 8% per year average increase for the next five years.
NERSA reported that Eskom applied for an annual price increase of 16% over the MYPD3 period. The requested price increase translated into required revenues of more than R1-trillion over the MYPD3 period.
Details of the meeting are as follows:
Date: 24 May 2013
Time: 9h00
Venue: Old Assembly Building
For media enquiries or interviews with the Chairperson, please contact:
Yoliswa Landu (Ms)
Parliamentary Communication Services
Tel: 021 403 8203
Cell: 073 738 0182
E-mail: ylandu@parliament.gov.za
