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Eskom to apply for price increases

Business Report Online

22 June 2012: Eskom will apply to the National Energy Regulator of SA (Nersa) for the third multi-year price determination (MYPD 3) before the end of the year, the parastatal said on Friday.

The MYPD 3 would set out electricity prices for the period beginning April 1, 2013.

“The second MYPD 2 expires at the end of March 2013,” it said in a statement.

Eskom submitted a draft of its proposed MYPD 3 application this week to the SA Local Government Association (Salga) and the National Treasury for comment, in compliance with the requirements of the Municipal Financial Management Act (MFMA). Read more…

 

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