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by Mike Rycroft, Mark Botha and Chris Yelland, EE Publishers
 
It is well known that the price of electricity in South Africa has been too low for years. The generation capacity crisis in 2008 prompted a review of Eskom’s build programme and associated funding plan. The original expectation was that there would be a short-duration adjustment to bring prices to the correct level, and thereafter electricity prices increases would follow inflation. But the adjustment did not develop in line with expectations, and price increases much higher than inflation are expected for many years to come… (more)

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by Chris Yelland, managing director, EE Publishers

In recent months and at various venues Eskom has been lobbying and punting the view that a new dispensation and enabling environment is required for the utility to secure the cheap and abundant supplies of coal needed for its current and future fleet of coal-fired power stations. When pressed for details, Eskom officials become a little coy. But stripping aside the euphemisms, what Eskom is saying is that, in the light of higher global demand and world market prices for even the low-grade coal used in Eskom power stations, the utility is having difficulty matching these prices and contracting on a voluntary basis with the coal miners to secure its medium and long-term coal supplies… (more)

You are cordially invited to attend an open and interactive workshop, panel discussion and debate hosted by trade union, Solidarity. A panel of experts will discuss funding plans for Eskom and its MYPD (multi-year price determination) application to NERSA for an increase in the average price of electricity of 45% per annum for three consecutive years.

DATE: 3 December 2009
TIME: 09h30 for 10h00 to 13h00, followed by lunch, courtesy of Solidarity
VENUE: Centurion Lake Hotel, Centurion, Pretoria (directions below)
COST: No cost, free-of-charge
 
Chris Yelland, managing director of EE Publishers, will act as the facilitator and chairperson for the discussion. The panel of experts will comprise:
 
  • Chris Hart: senior economist at Investment Solutions, a provider of multi-manager investment portfolios, with assets under management of over R100-billion
  • Andrew Kenny: consulting engineer, with degrees in physics and mechanical engineering, formerly of Eskom and senior research officer at the Energy Research Institute of the University of Cape Town
  • Mike Schüssler: senior economist and partner of Economists.co.za, a specialist economics consultancy to government, business and industry

… (more)

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