Gas industry opposes Nersa’s enhanced powers in new bill

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

If bill is passed, the regulator would be able to determine prices whereas now it can only approve them

Players in SA’s nascent gas industry are opposed to the energy regulator being given the power to set tariffs and prices for the entire value chain as proposed in the Gas Amendment Bill now before parliament.

It is proposed in the bill that the powers of the National Energy Regulator of SA be increased so that it does not merely have the power to approve maximum prices if it is evident that there is inadequate competition in the market — as in the existing act — but that it will have the power to set maximum prices and tariffs that licensees throughout the sector can charge, including for distribution. Nersa has welcomed the enhanced powers...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How green is your EV? | CitypressElectric vehicles charged with power generated by coal-fired power stations can emit more greenhouse gases into the atmosphere than petrol-powered vehicles. Duh! Volvo did a study that proved that the break even milage where a BEV emits less green house gases than a ICE is 112k kilometers, that's from raw material to a fully built up vehicle on the road. So I think elonmusk maybe pulling a fast one. 🚗😜 My company need distributors Can you work online for 3 hours using your smartphone? Payment is daily, Just DM the Man Mike67857
Source: City_Press - 🏆 7. / 72 Read more »

Defeat for Nersa as court orders regulator to decide Eskom’s 2022/23 tariffNersa was ordered to adjudicate on Eskom’s electricity tariff application by February next year.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Nersa loses in court once again | CitypressOn Friday, the National Energy Regulator of SA (Nersa) was rebuked in the Johannesburg High Court for the umpteenth time, following an application by Eskom regarding the way in which electricity tariffs are determined. But guys ANCrooks municipalities hv already increased more thn once frm 22.5/R50 to 18.00/R50 so what else? Ekurhuleni was worst under ANCrooks on electricity tarrifs Tshotsho!!! 🙈🤪
Source: City_Press - 🏆 7. / 72 Read more »

High price of filling your tank adds to tourism’s Xmas woesWith the local tourism industry already battered by the new international travel bans over Omicron, the petrol price hike could pile on the misery
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Alcohol industry body pushes for court to prevent bans as fourth wave loomsIndustry players fear the government may impose another liquor sales ban over the festive season Stop with your 4th waves there is no 4th waves. Thank You very much
Source: BDliveSA - 🏆 12. / 63 Read more »

LETTER: Fire minister of unemploymentThulas Nxesi has steered Employment Equity Amendment Bill through parliament despite bleak prognosis His performance is atrocious!!! Useless cheque collector on a gravy train. First hand experience! 🤣😅😆🤣😅😁🤣
Source: BDliveSA - 🏆 12. / 63 Read more »