What is the role of nersa?
The mission of the National Energy Regulator of South Africa (NERSA) is to regulate the energy industry in accordance with government laws, policies, standards and international best practices in support of sustainable development.
Who is the chairperson of nersa?
Smunda Mokoena has been appointed chairperson of the energy regulator, a term that will run until September 2024, Minister of Mineral Resources and Energy, Gwede Mantashe announced. Mokoena was previously CEO of Nersa, between 2005 and 2010.
What is the mandate of nersa?
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).
What percentage tariff increase has Nersa granted Eskom for the financial?
“This will result in an average tariff percentage increase of 15.63% in the 2021/22 financial year,” Nersa said in a statement….R10bn Eskom-Nersa settlement opens way for 15.63% hike on April 1.
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What is the main source of energy used in South Africa?
coal
The main energy resources in the South African economy are coal, oil, gas, nuclear power, hydropower and renewable sources such as wind, solar, biomass and wave power. Figure 2, gives the percentage distribution of energy to total primary energy supply in South Africa during 20007. The abbreviation Com.
Which institution is responsible for the regulation of energy industry in South Africa?
The National Energy Regulator of South Africa
The National Energy Regulator of South Africa is also responsible for regulating the petroleum pipelines industry in accordance with the provisions of the Petroleum Pipelines Act, 2003 (Act No. 60 of 2003).
Who is the regulator for electricity companies?
Ofgem
Ofgem, or the Office of Gas and Electricity Markets, is the energy market regulator. That means Ofgem is responsible for keeping in check the energy companies — big and small — that keep our lights and heat on.
How is energy regulated?
The Federal Energy Regulatory Commission (FERC) is the U.S. government agency regulating the interstate transmission of electricity, natural gas, and oil. A power purchase agreement or PPA is a contract a private utility company enters into with a government agency to provide power over an extended time.
What percentage tariff increase has nersa?
15.63%
Nersa confirmed in a statement that the court order would result in an average tariff percentage increase of 15.63% in the 2021/22 financial year.
When did electricity increase in South Africa?
Eskom chief financial officer Calib Cassim has confirmed that the state-owned power utility has applied for an electricity price increase of 20.5% for its 2023 financial year, set to take effect from 1 April 2022.
Who produces 95% of South Africa’s electricity?
Eskom
Eskom supplies about 95% of South Africa’s electricity and approximately 45% of Africa’s. South Africa’s installed capacity was 51 GWe as of 2017, of which coal-fired stations accounted for about 45 GWe.
What is the role of NERSA in South Africa?
In November 2005, the National Energy Regulator of South Africa (NERSA) replaced the NER. NERSA is responsible for regulating the price of pipeline gas and petroleum, reducing monopoly in the energy sector, improving competition and boosting economic growth.
What is the role of anernersa?
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).
What is the mandate of the Nersa regulator?
The mandate of NERSA is derived from legislation governing and prescribing the role and functions of the Regulator. Media Statement – Appointment of new Chief Executive Officer at NERSA. Media Statement – NERSA’s concurrence with the ministerial determination on the procurement of 2 500MW generation capacity from Nuclear technology.
Why was NERSA investigating Eskom?
NERSA was conducting its own investigation into primary energy (basic energy generation inputs such as coal), as this was the primary cost driver. Furthermore NERSA had disciplined Eskom in the past based on findings from their own investigations. If they made similar findings in this investigation, they would act in the same manner.