The National Energy Regulator of South Africa (NERSA) has approved Sasol Gas (Pty) Ltd.’s application for a maximum price of gas for the period 1 July 2024 to 30 June 2025.
The Energy Regulator said the maximum gas price is expected to facilitate the achievement of the policy imperatives contemplated in the Gas Act’s objectives.
‘Sasol Gas applied for a maximum price determined on the basis of a ‘cost-plus’ principle set out in the 2023 Methodology. The effective date of the approved maximum prices of gas will be 01 June 2024. The approved maximum prices of gas will remain effective until the date of approval of other maximum prices by the Energy Regulator,’ NERSA on Friday.
The application for a maximum price of gas has been approved as follows:
Maximum price of gas of R84/GJ per annum for end-user customers for the period 1 July 2024 to 30 September 2024;
Maximum price of gas of R79.80/GJ per annum for Traders and Resellers of gas for the period 1 July 2024 to 30 September 2024 and that a minimum of 5
% discount from a maximum gas energy price be provided to traders and resellers;
The quarterly adjustment of the maximum price with a three-month lag in its implementation until 30 June 2025.
‘The approved maximum price is exclusive of VAT. NERSA’s decision implies that the maximum price level approved is fair and reasonable, after it has taken into consideration the provisions of the Gas Act of 2001 and the associated regulations,’ the Energy Regulator said.
The detailed decision and reasons for the decision document regarding the above decision is available on the NERSA website at www.nersa.org.za.
Source: South African Government News Agency