Petrol to be 4 c/ℓ cheaper, diesel by up to 57 c/ℓ less from Wednesday

Petrol prices will drop by 4 c/ℓ from September 3, Mineral and Petroleum Resources Minister Gwede Mantashe has announced. The reduction applies to both unleaded (ULP) and lead replacement petrol (LRP), covering grades 93 and 95. Meanwhile, 0.05% sulphur diesel will be cheaper by 56 c/ℓ, while 0.005% sulphur diesel will cost 57 c/ℓ less.
/by

Mavuso slams Eskom’s tariff system as ‘farcical’, calls for urgent electricity sector reform

There is no greater sign of the urgent need for reform of the electricity sector than the way State-owned utility Eskom’s electricity tariffs are set, Business Leadership South Africa CEO Busisiwe Mavuso has asserted. “The whole system is far from the way prices should be set – through a competitive market in which firms aim to sell to consumers by offering them better value than others,” she said in the latest edition of her weekly newsletter, published on September 1.
/by

Public hearings to be held on NTCSA’s application for electricity market operator licence

A public hearing into the National Transmission Company South Africa’s (NTCSA’s) application for a market operator licence will be hosted by the National Energy Regulator of South Africa (Nersa) on September 30. The licensing of the NTCSA as the independent market operator is viewed as a key milestone for the launch of the South African Wholesale Electricity Market (SAWEM), which has been tentatively set for April next year.
/by