7 January 2009 – A tariff adjustment application will be submitted by Eskom to the National Energy Regulator of South Africa within the “coming weeks” it has been reported. The tariff adjustment will run from April 2009 to March 2012.
Eskom have delayed submitting the tariff adjustment due to changes within the global economy but Eskom spokesperson, Fani Zulu said that the application was being finalised and would be ready to be handed in shortly. According to Zulu, the changing global economy has resulted in Eskom needing to review certain assumptions made when the original tariff application was prepared.
Energy demand in South Africa has come down particularly due to cuts in production by energy intensive industries and the change in demand needs to be factored in to Eskom’s calculations, particularly with regards to its effects on Eskom’s capital expenditure plans.
Eskom announced in December that it would not proceed with its planned nuclear programme due to a lack of funding and downgraded ratings from Moody’s and Standard and Poor.