Government Notice

Mineral Resources and Energy, Department of / Mineraalbronne en Energie, Departement van 1469 National Energy...

Title	Mineral Resources and Energy, Department of / Mineraalbronne en Energie, Departement van 1469 National Energy Regulator Act, 2004 (Act No. 40 of 2004) » Notice on the Public Hearing on the Electricity Industry Price Determination Methodology
Gazette	National Gazettes, No. 45424 of 04 November, 2021, 6 page(s), 168Kb

STAATSKOERANT, 4 NOVEMbER 2021                        No. 45424    3

DEPARTMENT OF MINERAL RESOURCES AND ENERGY

NO. 1469                                                                            4 November 2021

NOTICE ON THE PUBLIC HEARING ON THE ELECTRICITY INDUSTRY
                                 PRICE DETERMINATION METHODOLOGY

The National Energy Regulator of South Africa (NERSA) is a regulatory authority established as a
             juristic person in terms of  Section  3  of  the National Energy Regulator  Act, 2004  (Act No.  40  of
             2004). NERSA’s mandate is to regulate the electricity, piped-gas and petroleum pipelines industries
             in terms of the Electricity Regulation Act, 2006 (Act No. 4 of 2006), Gas Act, 2001 (Act No. 48 of
             2001) and Petroleum Pipelines Act, 2003 (Act No. 60 of 2003).

The Electricity Division of the Energy Regulator is embarking on a process to review the electricity
             industry price determination  approach. This  review  is triggered  by  the current  Electricity Industry
             crisis and changes happening in the Electricity Industry, including but not limited to unstable prices,
             the unbundling of Eskom, the increase in registration threshold as well as the energy transition that
             can be  observed around  the world.  The objective  of  the review  is to introduce  innovative
             interventions to improve the price and system stability of the Electricity Industry as well as improve
             access thereto.

As  part of  NERSA’s public  participation  process, the Electricity division  had  direct engagements
             with  various  stakeholders to  facilitate  a discussion  that  would assist the  electricity  division  in
             developing the new approach for the benefit of the country’s industries, end-user customers as well
             as licensees. In addition to these engagements, NERSA has arranged public hearings both physical
             and virtual to ensure that sufficient information is gathered to assist in developing the methodology
             that responds to the needs of the industry.

On 24  September  2021,  the Energy  Regulator  published  a consultation  paper on  the  electricity
             industry price  determination  review.  The document  is available  on  the NERSA  website at
             https://www.nersa.org.za/wp-content/uploads/bsk-pdf-manager/2021/09/Consultation-paper-to-
             determine-a-new-price-determination-methodology.pdf
             The closing date for written comments was 22 October 2021.

The  National Energy  Regulator  invites  the public and  all stakeholders to  attend  the  scheduled
             public hearings  on  the  electricity industry  new  price determination  methodology.  The public
             hearings will be conducted in all the provinces of South Africa as indicated in the schedule below:

Date and time of the public hearing                   Province and venue
                      Friday, 05 November 2021           Virtual – Microsoft Teams (Western Cape, Eastern Cape,
                            9:00 – 17:00                 Gauteng, Free State, Limpopo, Polokwane, North West)
              Registration Closes: 4 November 2021 at 17:00                  Provinces

Friday, 12 November 2021                        KwaZulu-Natal, Durban
                            13h00 – 17:00                              Olive Convention Centre,
                Registration Closes: 11 November 2021 at           81 Somtseu Road, North Beach,
                               17:00                                    Durban, South Africa

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