1 00:00:00,360 --> 00:00:01,080 Speaker 1: Seven o two. 2 00:00:01,600 --> 00:00:07,560 Speaker 2: Well take interviews with so we know the fuel prices 3 00:00:07,680 --> 00:00:12,360 Speaker 2: have gone up, but so have electricity prices. NURSA approving 4 00:00:12,840 --> 00:00:17,400 Speaker 2: s COM's eight point seven percent increase in terms of tariffs, 5 00:00:17,440 --> 00:00:20,439 Speaker 2: what will this mean for households? ROLANDI my tabula is 6 00:00:20,760 --> 00:00:25,200 Speaker 2: the Electricity Regulation Executive Manager at NURSA, the National Regulator 7 00:00:25,280 --> 00:00:28,240 Speaker 2: of National Energy Regulator of South Africa and joins US 8 00:00:28,240 --> 00:00:30,400 Speaker 2: now Rolania. A pleasure to have you on our show. 9 00:00:30,440 --> 00:00:32,120 Speaker 2: Thank you for your time. 10 00:00:32,640 --> 00:00:34,920 Speaker 1: Good morning, more money, and good morning to your listeners. 11 00:00:35,120 --> 00:00:38,440 Speaker 2: Feels as if South Africans are being battered from all sides. 12 00:00:38,479 --> 00:00:43,760 Speaker 1: Hey, it is indeed a difficult situation that we are 13 00:00:43,800 --> 00:00:46,400 Speaker 1: facing as a country of money. 14 00:00:48,760 --> 00:00:52,320 Speaker 2: That's all you're going to say. Let's just talk through 15 00:00:52,440 --> 00:00:56,000 Speaker 2: what this actually means, this eight point eight point seven 16 00:00:56,120 --> 00:01:00,760 Speaker 2: percent increase depending on your average bill for somebody who 17 00:01:00,800 --> 00:01:03,440 Speaker 2: was paying oh, I don't know, let's say two and 18 00:01:03,480 --> 00:01:06,840 Speaker 2: a half thousand rand, your bill now is very close 19 00:01:06,880 --> 00:01:10,000 Speaker 2: to three thousand rand a month. This is maybe for 20 00:01:10,319 --> 00:01:11,440 Speaker 2: a typical household. 21 00:01:13,920 --> 00:01:20,440 Speaker 1: Yeah, so the prices obviously differ from the area to area, 22 00:01:21,120 --> 00:01:26,440 Speaker 1: but this one's mainly for people that are supplied directly 23 00:01:26,640 --> 00:01:33,319 Speaker 1: by by Escomb and also the municipalities that are actually 24 00:01:33,360 --> 00:01:39,560 Speaker 1: procuring from Escomb. So if you are an Escombe customer 25 00:01:39,959 --> 00:01:43,280 Speaker 1: at this point in time, you are correct that if 26 00:01:43,319 --> 00:01:48,040 Speaker 1: your bill is sitting at two five a month, then 27 00:01:48,080 --> 00:01:53,160 Speaker 1: you are looking an additional two hundred or so on 28 00:01:53,600 --> 00:01:55,960 Speaker 1: top of your bill on a monthly basis. 29 00:01:55,960 --> 00:01:59,320 Speaker 2: And those prices, of course there's tariff increases will buy 30 00:01:59,480 --> 00:02:03,360 Speaker 2: us even high that come next year. Yeah. 31 00:02:03,400 --> 00:02:08,680 Speaker 1: Look, the multi year price determination Bongani has been determined 32 00:02:08,800 --> 00:02:12,320 Speaker 1: in last year already, as you would know that we 33 00:02:12,400 --> 00:02:16,240 Speaker 1: have got a three year window that we we we 34 00:02:16,720 --> 00:02:21,280 Speaker 1: as a regulator, we determine. We started last year and 35 00:02:21,320 --> 00:02:26,320 Speaker 1: it's ending in March twenty twenty eight. And so the 36 00:02:27,080 --> 00:02:29,720 Speaker 1: price you are correct, the price for this year is 37 00:02:29,840 --> 00:02:32,720 Speaker 1: that eight point seven that you just refer to now. 38 00:02:33,360 --> 00:02:37,799 Speaker 1: And the price obviously for next year is also in 39 00:02:38,400 --> 00:02:42,280 Speaker 1: the same range of eight eight point eight eight point 40 00:02:42,320 --> 00:02:46,920 Speaker 1: seven as determined by the regulator. However, it can only 41 00:02:46,960 --> 00:02:50,160 Speaker 1: be confirmed next year because we still have to run 42 00:02:50,200 --> 00:02:54,280 Speaker 1: the numbers as the regulator to see if indeed that 43 00:02:54,480 --> 00:02:57,920 Speaker 1: is the present that Escom still deserves. 44 00:02:58,000 --> 00:03:02,480 Speaker 2: Here for many smaller municips is the revenue comes from 45 00:03:02,520 --> 00:03:08,920 Speaker 2: for example, electricity. Is there a concern that for those homeowners, 46 00:03:08,960 --> 00:03:13,400 Speaker 2: the more affluent ones perhaps who can afford other options 47 00:03:13,600 --> 00:03:16,920 Speaker 2: solar is one is one is one example that people 48 00:03:17,040 --> 00:03:21,000 Speaker 2: might if they can get off the grid entirely, and 49 00:03:21,040 --> 00:03:24,600 Speaker 2: therefore that revenue will be lost to municipalities who desperately 50 00:03:24,639 --> 00:03:27,080 Speaker 2: need it. 51 00:03:27,200 --> 00:03:31,640 Speaker 1: Indeed, that that that we have seen happening already. I 52 00:03:31,680 --> 00:03:37,520 Speaker 1: think the regulator has a process of registering some of 53 00:03:37,560 --> 00:03:43,680 Speaker 1: this we call them s s G self generating installation 54 00:03:44,400 --> 00:03:48,680 Speaker 1: and they register with the regulator, many of them, and 55 00:03:49,080 --> 00:03:52,839 Speaker 1: some register directly with the municipalities. So many of those 56 00:03:52,880 --> 00:03:57,200 Speaker 1: who can indeed have opted for that, for that option. 57 00:03:57,880 --> 00:04:01,840 Speaker 1: But I must indicate Bongani that the issue of the price, 58 00:04:02,800 --> 00:04:08,280 Speaker 1: it's it's an issue that is being dealt with. You 59 00:04:08,360 --> 00:04:12,080 Speaker 1: probably might have missed an article by the Chairperson of 60 00:04:12,640 --> 00:04:16,560 Speaker 1: us come yesterday or the day before where it was 61 00:04:16,560 --> 00:04:20,000 Speaker 1: confronting the same issue. The same with the minister as well. 62 00:04:20,040 --> 00:04:21,719 Speaker 1: So this is that this is an issue that we 63 00:04:21,800 --> 00:04:25,840 Speaker 1: are we are dealing with. Actually, the initiative has been 64 00:04:25,839 --> 00:04:30,120 Speaker 1: taken now to review the pricing policy itself because that 65 00:04:30,279 --> 00:04:35,640 Speaker 1: is what we are implementing as the regulator. So and 66 00:04:35,680 --> 00:04:40,560 Speaker 1: this is also to assure the market Mongani. We we 67 00:04:40,720 --> 00:04:44,800 Speaker 1: intend to have a wholesale market for electricity in South Africa, 68 00:04:44,880 --> 00:04:49,080 Speaker 1: to enable different technologies to be part of our electricity 69 00:04:49,120 --> 00:04:53,640 Speaker 1: grid and different generators of electricity. And this all this 70 00:04:54,400 --> 00:04:59,640 Speaker 1: Bungan is done so that we can create stability in 71 00:04:59,680 --> 00:05:02,719 Speaker 1: the pricing as well as the supply of electricity. 72 00:05:03,279 --> 00:05:08,360 Speaker 2: Randama Tibula, Electricity Regulation Executive Manager at the National Regulator 73 00:05:08,800 --> 00:05:12,960 Speaker 2: of National Energy Regulator of South Africa NURSA. I would 74 00:05:12,960 --> 00:05:15,320 Speaker 2: contend as I did at the start of that interview 75 00:05:15,560 --> 00:05:18,120 Speaker 2: that indeed, as South Africans, it does feel like we 76 00:05:18,160 --> 00:05:20,039 Speaker 2: are being battered from all sides.