On 28 February 2013 the National Energy Regulator of South
Africa (NERSA) approved an 8% average increase per annum for the
period from 1 April 2013 to 1 April 2014. During the period from 15
to 31 January 2013 NERSA convened public hearings as part of its
procedural steps towards processing the Multi-Year Price
Determination (MYPD3) application submitted by Eskom. In convening
and presiding over these public hearings NERSA executes its duties
under section 4 of the Electricity Regulation Act 4 of 2006
(Electricity Act). Section 4(a) (ii) of the Electricity Act enjoins
NERSA to regulate prices and tariffs amongst other powers and
duties of the NERSA.
In its oral presentation at one of the public hearings session
Eskom reaffirmed "that it had received no indication in
ongoing consultations with government of its willingness to inject
further equity into the business, or extend further guarantees to
assist Eskom in funding its large-scale capital
expenditure."1
