Nersa Chairperson Thembani Bukula's interests in private power-producing companies under the spotlight👀power-producing Click here for the full story➡️Nersa
says in its response that the comments are incorrect and misleading, and there is no conflict of interest.
“Mr T Bukula advised the board that, following his appointment as chairperson of the National Energy Regulator of South Africa, he would not make himself available for re-election to the board at the AGM in terms of the company’s memorandum of incorporation and will consequently retire as independent non-executive director and member of the audit and risk committee of the company, with effect from 21 October 2022,” is said.
“The decisions of Nersa are [made] by the nine members of Nersa, not one person. I am the chairperson of Nersa and I communicate the decisions of Nersa.”The multi-year price determination methodology is based on the rate of return and incentive-based principles, through the introduction of the transmission and distribution service incentive schemes and the energy efficiency demand side management schemes, according to information supplied by Nersa.
If the power plant is not connected directly to the customer, the company needs to get approval from the network owner/operator to use its system at approved rates.“Yes,” says Bukula, “if the customer’s point of connection can be discriminated from other customers, which is not always possible.” “We help develop the relevant municipalities’ renewable energy landscape to enable the independent supply of renewable energy to their respective large economic contributors and small to medium businesses alike,” it says.
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