Why is REFIT unfit?

Financial Mail Online

28 July 2011: Department of energy deputy director- general Ompi Aphane says the Electricity Regulation Act does not provide the necessary mandate for SA’s national energy regulator (Nersa) to predetermine tariffs

Two-and-a-half years after SA’s renewable energy feed-in tariff (Refit) process was announced, potential independent power producers (IPP s) have been told that the process is illegal, and rates for power procurement will now be based on a competitive bidding process rather than on fixed tariffs.

The move leaves investors reeling, wondering why they poured money into projects that may never see the light of day.

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