Eskom announced on Friday that it had extended an eleventh-hour 62c/kWh tariff offer to ferrochrome producers Glencore‑Merafe Chrome Venture and Samancor, but indicated that negotiations on the precise terms and conditions still needed to be finalised before the package could be submitted for regulatory approval. Hence the details of the package, including its structure, duration, take-or-pay commitments, and any risk-and-reward sharing, would only be made available once the negotiations had been concluded and a submission was made to the National Energy Regulator of South Africa (Nersa) for its approval of the discounted tariff.
Eskom has reached an agreement to suspend legal proceedings instituted against the granting of trading licences in 2024 to allow the current regulatory process to draft new trading rules to proceed in the absence of parallel litigation. In what was a surprise development at the time, Eskom applied to the High Court in July 2025 to have the National Energy Regulator of South Africa’s (Nersa’s) decision to grant five electricity trading licences reviewed and set aside.
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