NEWS

Nersa ‘loadsheds’ Eskom!

Eskom Executive Thava Govender says: “We note the decision made by Nersa, and we will study the details of the determination and consult with the shareholder before we can comment further on its impact”.

The initial request was for the selective reopener for the third multi-year price determination (MYPD 3) for the period 1 July 2015 to 31 March 2016.

According to the utillity, the increase was to fund higher usage of open cycle gas turbines (OCGTs) and cover the cost of buying capacity from the short-term power purchase programme (STPPP) in order to limit the severity of load shedding and the impact on the economy.

Nersa has in the interim ordered Eskom to re-apply.

Public Enterprise Minister Lynne Brown is closely monitoring the situation.

Related posts

‘Hollywood On the Veld’ – book review

Jacob MAWELA

More than R670m in savings for Standard Bank clients when using Saswitch ATM network

INFO SUPPLIED

Take your Sho’ left turn to Venda this weekend for the 9th iteration of Royal Heritage fest

Sydney MORWENG

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.