The EIUG welcomes the Budget 2023 announcement on energy recovery support mechanisms. The Minister covered three important aspects, namely, Eskom Debt Relief, Municipal Debt Resolution and Renewable Energy Fiscal Support.
By Fanele Mondi Energy is the engine for economic growth and development in our country and requires an enabling electricity supply industry. To foster the prosperity of all South Africans, a reliable electricity supply, stable electricity costs and the decarbonisation of the economy is essential. Added generation and own-use generation capacity will assist to close the national electricity supply deficit. It is, therefore, encouraging that Government intends to increase the generation licence threshold from 1MW to 100MW. This is a material step forward in transforming our electricity supply industry (ESI) and closing the short-term energy deficit. The unreliability of ...READ ARTICLE >>
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 >>
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]
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 >>
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 >>