• Retribution will come

    Those who now pay the price for opposing a corrupt system shall rise again, says Solly Moeng.

  • Ego - the enemy within

    Successful people are humble in their aspirations and resilient in failure, says Ian Mann.

  • You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Eskom initiates MYPD 3 process

Jun 22 2012 16:19
Sapa

Cape Town - Eskom will apply to the National Energy Regulator of SA (Nersa) for the third multi-year price determination (MYPD 3) before the end of the year, the parastatal said on Friday.

The MYPD 3 would set out electricity prices for the period beginning April 1 2013.

"The second MYPD 2 expires at the end of March 2013," it said in a statement.

Eskom submitted a draft of its proposed MYPD 3 application this week to the SA Local Government Association (Salga) and the National Treasury for comment, in compliance with the requirements of the Municipal Financial Management Act (MFMA).

The act requires that organised local government and the Treasury be given 40 days in which to comment on the application, and that their inputs be taken into account in the final application which is submitted to Nersa.

Eskom said in contrast to the MYPD 1 and MYPD 2, which both spanned three years, Eskom was now proposing a five-year determination for MYPD 3 to ensure a predictable, longer-term price path for customers, investors, and the country.

"The minister of public enterprises must table the Nersa decision on the MYPD 3 in parliament by March 15 2013. An extensive programme of public hearings and consultation precedes the decision," it said.

nersa  |  eskom

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote

Loading...