The National Energy Regulator (NERSA) announced today that it has approved Eskom’s application for an extension to submit the new Multi-Year Price Determination (MYPD) application until 01 April 2017.
On 01 March 2016, the Energy Regulator approved Eskom’s MYPD3 Regulatory Clearing Account (RCA) application for the financial year 2013/14. As part of its decision, the Energy Regulator requested Eskom to submit a new MYPD application within three months based on the revised assumptions and forecasts that reflect recent circumstances.
On 12 May 2016, Eskom submitted an application requesting an extension to submit the new application on 01 April 2017. Eskom cited statutory consultation requirements and the revision of the MYPD Methodology as reasons for the request.
The Energy Regulator also decided that Eskom’s RCA applications for the second and third years of the MYPD3 (2014/15 and 2015/16) should be submitted together. The two RCA applications will be processed simultaneously once they have been received.
In view of the above, the process of reviewing the MYPD Methodology has been extended to allow further consultations with stakeholders.
The revised timelines for the review of the MYPD Methodology will be communicated in due course.