Nersa's 'failed' methodology could see gas prices spike 220% - court papers | Fin24

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An organisation representing large industrial users of gas, such as Consol and Nampak, is legally challenging the energy regulator's methodology for determining maximum gas prices, which it says could push prices up 220% this year.

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Gas prices could skyrocket by as much as 220% this year and an organisation representing industrial gas users is now legally challenging National Energy Regulator of South Africa's "failed" gas pricing methodology. The Industrial Gas Users Association - Southern Africa , whose members include steelmaker ArcelorMittal and packaging company Nampak, last year filed an application to have the Pretoria High Court set aside Nersa's approval of Sasol Gas' maximum gas prices which applies for a period between March 2014 and June 2023.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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