CAPE TOWN- The National Energy Regulator (NERSA) has announced that it has decided that no will be granted of Eskom’s request to deviate from meeting certain requirements.
The decision was taken at Nersa meeting held on July 27, following Eskom’s application requesting condonation to deviate from meeting certain requirements of the Multi-Year Price Determination (MYPD), Methodology and the Minimum Information Requirements for Tariff Application (MIRTA), for its one-year (2018/19) revenue application.
Eskom initiated that municipalities pay 27.3% more for bulk purchases of electricity and wanted its clients to pay on average 19.9% more for electricity from April next year.
According to a statement, Eskom also requested exemption from providing the MIRTA information which is segmented cash flow statements, split of sales revenues between regulated and non-regulated industries, projected ten-year sales forecast, disaggregated line items such as Regulatory Asset Base (RAB), coal purchases and burn, environmental levies and deferred debits and credits.
The condonation regarding the Valuation of RAB was granted in respect of Eskom’s one-year (2018/19) revenue application. However, the Energy Regulator has instructed Eskom to revalue its regulatory asset base in time for its next MYPD application.
Nersa head of communication, Charles Hlebela said condonation regarding Information on deferred debits and credits, the balance in the Regulatory Clearing Account (RCA) was granted since there is no decision yet on the RCA balance.
“The Energy Regulator has given Eskom 30 calendar days from the date of the decision (July 27, 2017) to comply with the MYPD Methodology and the MIRTA requirements where condonation has not been granted,” concluded Hlebela.
-BUSINESS REPORT ONLINE