Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Eskom go-between to be appointed

Sep 01 2010 17:47 Troye Lund

Related Articles

Eskom suffers coal quality headaches

Eskom signs Russian nuclear deal

Dames denies Kusile termination

ACTowers bags R64m Eskom deal

Eskom, unions finalise wage deal

World Bank to probe Eskom loan

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
Cape Town - Deputy President Kgalema Motlanthe said an independent system and market operator would be introduced to resolve and mediate between Eskom's "conflicted role" as generator and buyer of electricity. This, according to government, is a "critical element" preventing private operators entering into and competing in this market.

Answering questions in the National Assembly, Motlanthe told MPs this decision was taken by the Inter-Ministerial Committee on Energy which is made up of the departments of energy, public enterprises, national treasury, economic development, science and technology, trade and industry as well as the presidency.

"The cost recovery mechanism, in terms of which private sector generators are given the assurance that their costs will be recovered from the electricity tariff over the term of the power purchase agreement, has been concluded in consultation with Nersa (the National Energy Regulator of SA)," said Motlanthe.

Aside from the push to increase private sector participation, Motlanthe outlined other progress that has been made since the Electricity Advisory Council meeting in December 2009.

He announced, for example, that a comprehensive strategy has been completed to "address the rehabilitation of municipal distribution infrastructure, as a specific focus in the current government programme of action".

Furthermore, he said that the Integrated Resource Plan, which aims to pinpoint what technologies South Africa will require over the next 20 years to diversify its energy mix, would be promulgated by the last quarter of 2010.

"The process to revise the regulations promulgated under the Electricity Regulation Act of 2006 has been completed after consultation with lenders and potential investors.

"The draft regulations, licensing framework and standard power purchase agreement provisions, together with the evaluation criteria for independent power producers, will be issued by end-November 2010 to coincide with the conclusion of the Integrated Resource Plan," said Motlanthe.

One of the other initiatives introduced since the last Advisory Council meeting, he said, involves providing solar water heaters to all residential users of hot water, in place of electric geysers.

"The public consultation process was concluded in July 2010 for the solar water heaters financial incentive scheme," said Motlanthe, who added that Nersa would decide what the financial incentive for this programme would be later this month.

- Fin24.com

 
 
Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...