New Sasol Gas’s Amendment Maximum Gas Price (MGP) Application for the period 1 July 2022 to 30 June 2023 (FY2023) has been published by The National Energy Regulator of South Africa (Nersa) and published in Consultation Document. Nersa also published Sasol Gas’s MGP application for the period 1 July 2023 to 30 June 2024 (FY2024) together with its Consultation Document.
Sasol followed the 2023 MGP methodology published in February 2023 by Nersa, according to Moneyweb.
The gas company is confident in its MGP application process and expects approval of an appropriate maximum gas price for the FY2023 period.
According to Moneyweb, “Sasol Gas has continued to charge customers at R68.39/GJ from FY2022, notwithstanding the additional expenditure and cost increases exceeding 40% that Sasol has faced during this period.”
Sasol gas and Nersa engaged in an extensive conversation about appropriate pricing in accordance with the then-applicable 2020 MGP methodology. Nersa required Sasol Gas to bring a formal price application to resolve the matter.
Gas price regulation in terms of Gas Act aimed to determine an appropriate price that strike balance between the interest of gas suppliers and consumers while fostering the viability of the supply in South Africa and investment in new sources of supply.
According to reports, over the past 20 years Sasol’s investments have offered consumers an alternative energy supply, thereby enhancing competition, consumer choice and, importantly, fostering economic activity and investment in the South African economy.
Source: Sasol. And Moneyweb
