The Portfolio Committee on Energy today received a briefing from the National Electricity Regulator of South Africa (NERSA) on the outcomes of Eskom’s Third Multi–Year Price Determination Process (MYPD 3), a Transnet application pipeline tariff and the Sasol gas application for maximum prices.
Last month, NERSA approved Eskom’s 8% average increase per annum. The successful application covered a five-year period for 1 April 2013 - 31 March 2018. Chairperson for the Committee, Mr Sisa Njikelana welcomed the process undertaken by NERSA of inviting public comments and conducting public consultations that enabled the regulator to determine the current tariff with better understanding and therefore better quality. “I applaud the role of the citizens in their contribution through the public consultations – it added significant value to the process,” he said.
“Through my experience in attending some of the public consultations I was able to appreciate the value of such inputs to the whole process of electricity price determination,” said Mr Njikelana. He added: “The process among other things generated a pressure for more efficiency in future as well as more enhancement of transparency.” Mr Njikelana said the next stage that will be undertaken by the regulator is the tariff determination for municipalities.
The Committee has issued an invitation to Eskom to brief the members about the entities response to the MYPD 3. The meeting will be scheduled for April.
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Yoliswa Landu (Ms)
Parliamentary Communication Services
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E-mail: ylandu@parliament.gov.za
