The National Energy Regulator of South Africa (NERSA), disapproved Sasol Gas’ application for the maximum price of gas.
This is for the period between 01 April 2022 until 30 June 2023.
A statement from NERSA said the implication of the disapproval is that Sasol Gas, may apply for a clawback mechanism to recover costs that may have been legitimately incurred during the 2022/23 financial year.
The clawback application serves as a recognised legal procedure through which Sasol Gas (Pty) Ltd. can seek to recover or adjust its costs relating to cost increases not catered for in the 2022/23 financial year.
The maximum price of gas for the period 1 July 2023 to 30 June 2024, was approved however.
NERSA, however approved that a reseller adjustment of no less than 5%, be provided to all resellers of gas to ensure differentiation between maximum prices to resellers of gas and end-user
customers.
Sasol Gas’ multi-year transmission tariffs for the period 1 July 2023 to 30 June 2025 will now be as follows:
1. 2024/25
R6.93/GJ
2. 2024/25
R25.51/GJ
3. 2024/25
R7.00/GJ
The approved tariffs are maximum tariffs exclusive of VAT.
The Energy Regulator also approved Transnet’s application for multi-year transmission tariffs for the 2023/24, 2024/25 and 2025/26 tariff years as follows:
2023/24
R8.53/GJ
2024/25
R9.13/GJ
2025/26
R8.12/GJ
The approved tariffs are maximum tariffs exclusive of VAT.