News – Page 2

EIUG Comments on the Presidential Announcement – ERA Schedule 2 Amendment – 10 June 2021

The EIUG members collectively account for over 40% of the electrical energy consumed in South Africa. Our members are also significant contributors to employment (>650 000 employees) and GDP (~20% contribution). Energy is the engine for economic growth and development in our country. The EIUG believes in the need to create an enabling electricity supply industry that will empower the country to prosper by improving our electricity supply reliability and capacity, stabilising our escalating electricity costs and support the decarbonisation of our economy. It is for these reasons that the EIUG welcomes the announcement made this afternoon, 10 June ...READ ARTICLE >>

Lene2022-09-23T14:40:35+00:00June 10th, 2021|

EIUG Comments on Eskom Proposed Negotiated Pricing Agreements – 26 May 2021

The EIUG welcomes the efforts by NERSA to process and advance the Interim Long Term (ILT) Negotiated Pricing Agreements (NPAs). The EIUG is supportive of the objectives of the ILT Framework and NERSA’s role in approving NPAs. However, the EIUG is unable to comment on specific member’s applications for NPA’s and will therefore restrict its comments in this response to the role and importance of NPAs for distressed Large Power Users (LPU). ...[CLICK ON THE DOCUMENT IMAGE BELOW TO READ FULL TEXT]

Lene2022-09-26T10:21:45+00:00May 26th, 2021|

EIUG Response: Public Consultation On the ERA Schedule 2 Update – 21 May 2021

The EIUG believes that as a collective of stakeholders, we need to create an enabling electricity supply industry that will enable the country to prosper and that the deployment of ‘own-use’ generation will assist in closing of the national supply deficit, stabilising our escalating electricity costs and the decarbonisation of our economy. The EIUG therefore welcomes the opportunity from the Department of Mineral Resources and Energy (DMRE) to contribute to this important consultation on the Schedule 2 of the Electricity Regulation Act (2006), Licensing Exemption and Registration Notice. ...[CLICK ON THE DOCUMENT IMAGE BELOW TO READ FULL TEXT] ...READ ARTICLE >>

Lene2022-09-26T10:15:57+00:00May 21st, 2021|

Black Mountain Mining (Pty) Ltd Joins the EIUG – 30 April 2021

The Energy Intensive Users Group (EIUG) welcomes Black Mountain Mining (Pty) LTD (BMM) as a new member and looks forward to working together towards a establishing a sustainable energy supply industry. Black Mountain Mining is part of Vedanta Zinc International (VZI), a grouping of zinc assets located in South Africa and Namibia which in turn is part of the Global mining and Metal conglomerate, Vedanta Limited. Vedanta Limited is the 6th largest diversified resources company in the world and leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron ore, Steel, Aluminium and Power in India. VZI’s Black ...READ ARTICLE >>

Lene2022-09-23T13:36:15+00:00April 30th, 2021|

EIUG Comments on Eskom’s 16% Electricity Increase for Financial Year 2021/22 – 17 February 2021

Energy is the engine for economic growth and development in our country. The EIUG advocates for reliable electricity supply at an acceptable quality and at competitive prices, and for a transformative energy supply industry. In this regard, the EIUG has noted with shock and disappointment the Eskom price increase announced on 16 February 2021. Prior to the COVID-19 pandemic and its devastating impact, our economy was fragile and stalling at levels incommensurate with the crucial development needs of our country, especially with regards to employment creation and poverty elevation. It is our firm contention that a major contributor to ...READ ARTICLE >>

Lene2022-09-23T14:19:00+00:00February 17th, 2021|

EIUG Comments on Eskom CEO Presentation – ENSAFRICA – 4 February 2021

Energy is the engine for economic growth and development in our country. The EIUG advocates for reliable electricity supply at acceptable quality and competitive prices, and for a transformative energy supply industry. In this regard, the EIUG has noted the statements made by the Eskom CEO in the recent ENSAfrica webinar on 2 February 2021. Some of the statements touch on several issues the EIUG has been advocating for regarding reliability of electricity supply and competitive pricing. The EIUG does not support the proposed electricity tariff double digit increases requested by Eskom. The proposed 3 times inflation increase for ...READ ARTICLE >>

Lene2022-09-23T13:54:59+00:00February 4th, 2021|

EIUG comments on Eskom’s Financials – July 2018

Access reports from www.eskom.co.za/IR2018/Pages/default.aspx While the Energy Intensive User Group (EIUG) of Southern Africa is concerned about the state of finances at the public power utility (Eskom), Xolani Mbanga, CEO says that the group, which represents 40% of Eskom’s energy users, welcomes the transparency Eskom’s Board and management has shown in laying bare Eskom’s financial condition and system outlook. The EIUG welcomes the action taken by Eskom to deal with corruption both within its ranks and from suppliers and service providers. The EIUG also supports the work being done by Eskom and its shareholder in reviewing Eskom’s business ...READ ARTICLE >>

Lene2022-09-26T11:02:07+00:00July 26th, 2018|

EIUG represents big energy users in public hearings

EIUG REPRESENTS BIG ENERGY USERS IN PUBLIC HEARINGS, SAYS ANY FURTHER INCREASE IN TARIFF WILL EXACERBATE ESKOM’S DEATH SPIRAL The Energy Intensive User Group (EIUG) of Southern Africa is participating in public hearings this week to request NERSA not to allow Eskom’s application for increases. Says Xolani Mbanga, CEO of EIUG, whose members account for approximately 40% of electrical energy consumed in South Africa, “we have scrutinised Eskom’s application and are of the view that NERSA should not allow the recovery of costs. We believe that any further increase in tariff will only exacerbate Eskom’s death spiral.” He adds that the ...READ ARTICLE >>

Lene2019-01-19T09:51:03+00:00April 17th, 2018|

EIUG issues Open Letter to the Minister of Energy requesting publication of the IRP for Public Comment

Open Letter to the Honourable Minister of Energy, Mr. Radebe 12 April 2018 Dear Mr Radebe, REQUEST FOR PUBLICATION OF THE INTEGRATED RESOURCE PLAN FOR PUBLIC COMMENT The Energy Intensive User Group of Southern Africa (EIUG), whose members collectively consume approximately 40% of South Africa’s electricity, believes that energy is the engine for our country’s economic growth and that it is a key enabler to alleviate poverty, address inequality and reduce unemployment in South Africa. An updated Integrated Resource Plan (IRP) for electricity is a vital document in the larger energy planning landscape. It is crucial that the IRP provides ...READ ARTICLE >>

Lene2019-01-19T09:50:30+00:00April 12th, 2018|

Eskom 2016/17 borrowings up 46%

‘Lower savings, tariff increases.’ PRETORIA – Eskom increased its planned borrowings in 2016/17 dramatically by R21.7 billion to R68.5 billion, not because it accelerated its new build programme, but due to lower net savings than earlier anticipated and lower than expected tariffs during the current tariff period that ends on March 31, 2018. This was disclosed in the 2016 Budget Review issued with Finance Minister Pravin Gordhan’s 2017 Budget Speech on Wednesday. By December last year Eskom had utilised R187 billion of its R350 billion government guarantee. Government has extended the guarantee, due to expire in March this year, for ...READ ARTICLE >>

admin2017-04-03T12:44:39+00:00April 3rd, 2017|