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25th May 2012
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Big electricity hikes will be ‘materially damaging’ to SA mines
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Address to refer:
http://www.miningweekly.com/article/big-electricity-hikes-will-be-materially-damaging-to-sa-mines-2010-01-22
Article Headline:
Big electricity hikes will be ‘materially damaging’ to SA mines
Abstract:
In the absence of the finalisation of the country’s Integrated Resource Plan (IRP), power utility Eskom’s proposed tariff increases could have material implications for the structure of South Africa’s electricity supply industry (ESI), as well as for the industrialisation of the economy in the next few decades, the Chamber of Mines (CoM) told the National Energy Regulator of South Africa (Nersa) on Friday. In a presentation on the last day of Nersa’s public hearings into Eskom’s proposed second multi-year price determination (MYPD2), CoM techno economics assistant adviser Dick Kruger emphasised that incorrect decisions made about pricing for Eskom in the short term, could entrench the utility’s monopoly position and limit the country’s electricity supply and market structure choices in the medium and longer term.
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