{"id":29886,"date":"2013-01-15T14:33:32","date_gmt":"2013-01-15T12:33:32","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=29886"},"modified":"2013-01-15T15:05:06","modified_gmt":"2013-01-15T13:05:06","slug":"eskom-application-is-unclear","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/29886\/eskom-application-is-unclear\/","title":{"rendered":"Eskom tariff application is unclear"},"content":{"rendered":"

The City of Cape Town is concerned about a lack of clarity in Eskom<\/a>‘s multi-year price determination 2013\/14, otherwise known as MYPD3, application.<\/p>\n

The City’s director of electricity services, Dr Leslie Rencontre<\/a>, told the National Electricity Regulator of SA (Nersa<\/a>) on Tuesday there was no clarity on Eskom’s future build programme post-MYPD3, no details on a coal pricing pact, nor on the power utility’s future mandate.<\/p>\n

There was also a lack of certainty regarding the impact on customers after 2013\/14.<\/p>\n

The energy regulator is currently holding public hearings on Eskom’s proposed MYPD3.<\/p>\n

Eskom has asked for a 16 percent increase in electricity prices each year for the next five years.<\/p>\n

This would take the price of electricity from 61 cents a kilowatt hour in 2012\/13 to 128 cents a kWh in 2017\/18 — more than doubling the price over five years.<\/p>\n

The current multi-year price determination, MYPD2, ends on March 31, 2013.<\/p>\n

In contrast to the MYPD1 and MYPD2, which both spanned three years, Eskom is now proposing a five-year determination for MYPD3 to ensure a predictable, longer-term price structure.<\/p>\n

Rencontre said the impact of MYPD3 on the economy had to be considered, particularly regarding small manufacturers, as well as the secondary effect it would have on inflation.<\/p>\n

It was also necessary to recognise the impact of the 78 percent tariff increase between 2008 and 2011 on consumers and the economy.<\/p>\n

On the positive side, Rencontre said, was Eskom striving to achieve savings of R30 billion in operating expenses over five years without maintenance being compromised.<\/p>\n

Also positive was Eskom’s endeavours to improve the entity’s credit rating, and no dividend payment to shareholders for the foreseeable future.<\/p>\n

More news on Eskom<\/h3>\n

Eskom price hikes \u201cunavoidable\u201d: Govt<\/strong><\/a><\/p>\n

Eskom seeks 16% tariff hike every year for 5 years<\/a><\/strong><\/p>\n

Eskom quiet on electricity tariff hike claims<\/strong><\/a><\/p>\n

Electricity situation urgent: FMF<\/strong><\/a><\/p>\n

Eskom seeks extension for tariff application<\/strong><\/a><\/p>\n

Eskom weighing tariff hikes<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The City of Cape Town is concerned about a lack of clarity in Eskom’s multi-year price determination 2013\/14, otherwise known as MYPD3, application.<\/p>\n","protected":false},"author":4,"featured_media":4950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,1164,2006,4409],"class_list":["post-29886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-eskom","tag-nersa","tag-tariff-hike"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=29886"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29886\/revisions"}],"predecessor-version":[{"id":29889,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29886\/revisions\/29889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4950"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=29886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=29886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=29886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}