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ECONOMY-FINANCE

Opinion - Glencore continues to loot Eskom under Cyril Ramaphosa's presidency.

30 MAY 2022. Glencore continues to loot Eskom under Cyril Ramaphosa's presidency; Remember when Brian Molefe refused to raise the price of coal paid by Eskom to Glencore from R150 to R500 per tonne? Well, the National Energy Regulator (NERSA) recommended rate is R350, but now under Andre De Ruyte, Eskom currently pays R900 per tonne from Glencore.

  2 months ago ago
Opinion - Glencore continues to loot Eskom under Cyril Ramaphosa's presidency.

ECONOMY-FINANCE

Outrage at Eskom’s 20.5% price hike plan

SOUTH Africans and civil society organizations have expressed concern over Eskom's anticipated 20.5 percent increase in energy prices next year. This is a double punch for customers, since the price of gasoline was increased by a whopping 81 cents at the end of last month. Calib Cassim, Eskom's chief financial officer, acknowledged last week that the power provider has "filed for a 20.5 percent rise in energy prices for the financial year 2023, which begins on April 1, 2022."

  8 months ago ago
Outrage at Eskom’s 20.5% price hike plan

ECONOMY-FINANCE

Nersa Has Released An Official Statement To The Public

https://ewn.co.za/2022/05/19/nersa-opposing-legal-bid-to-overturn-decision-to-grant-karpowership-licences?utm_source=dlvr.it&utm_medium=twitter JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) is restricting a legitimate bid to topple its choice to give Karpowership creating licenses. The Turkish organization was allowed three licenses to create power on drifting boats positioned along the country's shoreline in September.

  2 months ago ago
Nersa Has Released An Official Statement To The Public

BUSINESS

Bad news! If covid-19 doesn't kill us, Eskom will

The National Energy Regulator (Nersa) says it will immediately begin implementing plans that would allow Eskom to recoup over R13 billion from customers. Eskom which is always a cash-strapped power utility because of major looting and maladministrations, had applied to Nersa to recoup R27.3 billion through power tariffs saying it needed to cover costs incurred for the financial year 2018/19. Nersa has given Eskom the go ahead but for the recovery of only R13 billion. The story of the national power utilit

  2 years ago ago
Bad news! If covid-19 doesn't kill us, Eskom will

ECONOMY-FINANCE

New 100 MW licence exemption will clear the way for repairs, cut load shedding risk - Eskom

https://www.news24.com/fin24/Economy/new-100-mw-licence-exemption-will-clear-the-way-for-repairs-cut-load-shedding-risk-eskom-20210813 The permit exclusion for age offices with a limit as much as 100 MW will help with giving dependable and adequate energy to the economy, said Eskom. Pastor of Mineral Resources and Energy Gwede Mantashe on Thursday gazetted corrections to plan 2 of the Electricity Regulation Act, which empowered the change.

  1 year ago ago
New 100 MW licence exemption will clear the way for repairs, cut load shedding risk - Eskom

ECONOMY-FINANCE

Nersa Has Just Revealed The Main Reason For Eskom's Problems.

https://ewn.co.za/2022/02/25/nersa-9-61-tariff-hike-for-eskom-a-balancing-act-for-economy-consumers?utm_source=dlvr.it&utm_medium=twitter CAPE TOWN - The National Energy Regulator of South Africa (Nersa) said allowing Eskom a power levy climb was a difficult exercise between the economy, purchasers, as well as the utility's advantages. Nersa declared a 9.61% power duty climb on Thursday.

  5 months ago ago
Nersa Has Just Revealed The Main Reason For Eskom's Problems.

BUSINESS

Have you asked your self What happened to Eskom in 2020 read here

In his February 2019 state of the nation address President Ramaposa announced that government would be splitting up Eskom into three new state-owned entities focusing on generation, transmission and distribution.This was done so as to better manage the serious operational and financial problems facing the company. By the time of the speech Eskom had a total debt burden of R419 billion (US$30.8 billion) and was entering a death spiral whereby there was not enough revenue to make debt repayments. In a Febru

  2 years ago ago
Have you asked your self What happened to Eskom in 2020 read here

BUSINESS

Electricity Prices are Going Up Again, By 15% This time & This is When

The contraversial Electricity provider of the country, confirmed the increase by 15% of Bulk Electricity. In a case that involved 69 billion Rands allocated to Eskom in the 2019 budget, to help the department pay off its soar debts, Nersa (the National Energy Regulator of South Africa) and Eskom, has been busy in a very hot court battle ground for a while, But In the finish line, Johannesburg's high court as now ruled Nersa’s decision as illegal, Before adding that the full amount shall be paid back to Eskom

  2 years ago ago
Electricity Prices are Going Up Again, By 15% This time & This is When

BUSINESS

Salga rejects proposed water tariffs, calls for independent regulator

The Local Government Association of SA (Salga) has rejected planned water tariff changes for 2020/21 by water boards, except for Rand Water. On Tuesday night, nine water boards appeared before the joint water and sanitation portfolio committee, as well as co-operative governance and traditional affairs (Cogta). While Rand Water told the committee meeting that it was proposing a 6.6 percent rise in water tariffs, Magalies Water proposed a 12 percent hike — the maximum. It left MPs asking what mechanism was

  2 years ago ago
Salga rejects proposed water tariffs, calls for independent regulator

ENVIRONMENT

Nersa ruffles feathers by approving generation licences for Karpowership SA

https://www.iol.co.za/capeargus/news/nersa-ruffles-feathers-by-approving-generation-licences-for-karpowership-sa-0d472e51-e2a9-4786-b3e5-bca8ba8d7273?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1632414690 Cape Town - Despite the Department of Environment, Forestry and Fisheries' (DFFE) refusal of Karpowership SA's ecological authorisation applications recently, the National Energy Regulator (Nersa) has raised a ruckus neighborhood natural gatherings and fishing networks by supporting three age licenses for coasting gas-power age.

  10 months ago ago
Nersa ruffles feathers by approving generation licences for Karpowership SA

ECONOMY-FINANCE

Energy dept hails Nersa's concurrence with nuclear build programme.

The Department of Mineral Resources and Energy hailed the National Energy Regulator of South Africa's simultaneousness of Minister Gwede Mantashe's conclusions for 2500WM of thermal power age limit. The assurance identifies with the atomic new form program and has its beginnings in the 2019 emphasis of the Integrated Resource Plan (IRP), which expresses that a New Nuclear Build Program (NNBP) ought to be sought after at a speed and scale that South Africa can manage.

  11 months ago ago
Energy dept hails Nersa's concurrence with nuclear build programme.