NEWSOfficial Newsletter of the National Energy Regulator of South Africa Volume XI, Edition II, April – June 2015

Contents

Editor’s NoteNERSA - fully invested and focused onSouth Africa’s socio-economic development

From the desk of the Acting CEOA Reflection on NERSA’sPerformance and Activities

Conference and ExhibitionAfrican Utility Week

MYPD3Eskom’s selectivereopener of MYPD3

NERSA Energy PlansMinister of Energy acknowledgesNERSA in energy plans

Performance ResultsNERSA’s Performance Report

Rooftop PhotovoltaicsAn affiliate from the United Statesapplauds NERSA for excellent hosting

Renewable EnergyA view on small-scale renewableembedded generation

Employee EventCelebrating Youth Day

ConferenceAfrican Forumfor Utility Regulators

Calendar of Events Programme for July – September 2015

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INSIDE OUT,reflecting our outward-bound activities...

OUTSIDE IN,a glimpse at our internal activities…

1 April - June 2015

Editor’s NoteNERSA - fully invested andfocused on South Africa’ssocio-economic development

Mr Charles Hlebela

As we prepared to go to print with this newsletter, we experienced the coldest temperatures of the year, focusing our minds once again on the role energy plays in our lives.

The month of June was a key time in discussions on Eskom’s application for a selective reopening of the third Multi-Year Price Determination (MYPD3), which is an issue featuring prominently in the public domain. This is due to the financial impact any increase will likely have on the consumer on the one hand, and on South Africa’s economy on the other.

On a positive note, we share some thoughts on small-scale embedded renewable energy generation. In April, NERSA held public hearings on this subject, which could have a positive impact on South Africa’s energy needs. The ideas in this article are stimulating. Importantly, NERSA received high praise from our US partner for our hosting of a conference on this very subject.

In keeping up to date with the discipline of regulation, NERSA participated in several important energy events – from local events to major conferences overseas. Given the role of gas in South Africa’s future energy mix, it was

critical that NERSA attend the Gas Africa conference in South Africa and the World Gas conference in France. NERSA’s high-level delegation to the 6th World Forum on Energy Regulation in Istanbul was headed by our Chairperson as well as the acting CEO, where they reported fruitful engagements with counterparts from all over the world.

We also report on our successful participation in the African Utility Week in Cape Town. In July, the 12th annual African Forum for Utility Regulators takes place, which will be covered in a forthcoming issue.

This all goes to show that NERSA is very much invested in its mandate and focused on South Africa’s socio-economic development as far as our energy requirements are concerned.

Warm regardsCharles Hlebela

Visit our website at www.nersa.org.za for updates on our activities, public hearings and event calendar.

Newsletter contributors:Our thanks go to:Charles Hlebela | Dhesh Nelson | Wanda Langenhoven | Yvette van Zyl

Phone: 012 401 4600Fax: 012 401 4700Physical Address: Kulawula House,526 Madiba Street, Arcadia, PretoriaPostal Address: PO Box 40343,Arcadia 0007, South Africa

Publisher: Corporate ServicesEditor: Charles HlebelaSub-editor: Dhesh NelsonWriter: Sam Basch Design, Layout and Printing:Msomi Africa Communications

ISSN: 2221-898XKey Title: NERSA NewsAbbreviated Key title:NERSA News

This publication is produced by NERSA Corporate Services and may not be reproduced without the written consent of NERSA

2The Official Newsletter of the National Energy Regulator of South Africa

From the desk ofthe Acting CEOA Reflection on NERSA’sPerformance and Activities

Mr Paseka Nku

One is often surprised by the extent and results of the Energy Regulator’s activities. As an official of NERSA, one may see documents arriving in the in-tray, or attend local events like Youth Day and even international conferences.

It is rare, however, to be able to stand back for a moment and fully appreciate what is transpiring. As acting Chief Executive Officer, I am fortunate to gain greater insight and have the opportunity to take the long view perspective.

One document that provided me with this insight is a small table showing NERSA’s performance. The percentage of targets met has consistently and incrementally grown over the years – from 66% in 2009/10 to 96% in 2014/15. By any measure this is admirable and I congratulate our regulator members, management and staff for this achievement. I would also like to encourage our staff members to maintain, or even improve on, this excellent score.

Further testimony to the quality of our work came from NERSA’s determination on the Eskom selective reopener of MYPD3. Whilst the Energy Regulator declined the application, rather suggesting two alternatives that Eskom should consider, the decision was widely hailed as indicative of the Regulator acting perfectly within its mandate. Our Chairperson gave thanks to all stakeholders for their participation in NERSA’s decision-making process. With regard to municipal tariff increases, all tariff applications have been successfully processed for implementation effective 01 July 2015.

As we also discuss in this newsletter, there are many opportunities to engage with our counterparts across the world. NERSA participated in several major international conferences and workshops, including the World Gas Conference in Paris, France. I was fortunate in being able to join our Chairperson in Turkey at the 6th World Forum on Energy Regulation, held in May.

Held under the auspices of the President of Turkey, this event attracts delegates from all over the world, from emerging powers to the global giants like China. It was insightful to engage with them all, including our colleagues from Lesotho, Tanzania, Cape Verde and Brazil.

Closer to home, we celebrated Youth Day at NERSA, which once again reminds us to take the long view and look after the needs of our youth. They are the future. As artist Pablo Picasso once said: ‘Youth has no age’, alluding that no matter how old, we can still be youthful. For me there is a further lesson – that we need to tackle our jobs with the same vigour displayed by our youth

Warm regards

Paseka NkuActing Chief Executive Officer

3 April - June 2015

Not only did the 15th AUW afford delegates a prime networking opportunity, but it also attracted big names in the energy and utility domains to the conference and exhibition. More than 200 speakers provided strategic, political, financial and technical insights through the different conference tracks and workshops.

Besides being an exhibitor, NERSA was also privileged to listen to the keynote speakers that included Messrs David Walker, CEO of DNV GL – Energy of the Netherlands, Mamadou Biteye, managing director of the Rockefeller Foundation in Kenya, and Martin Ganda, investor, advisor and strategist from Zimbabwe.

Some of the interesting discussions included ‘Technology, policy and regulation for utility modernisation’; ‘Holistic approach to Energy Regulation, cost and demand’; ‘Achieving energy security in Africa’; ‘Infrastructure crimes: theft, vandalism and the illegal use of electricity’; and ‘Developing the renewables industry: outcomes from South Africa’s Renewable Energy Independent Power Producer Procurement Programme’.

Speakers also touched on critical issues affecting South Africa at present, notably investment in nuclear and gas-to-power: will this be the game changer for Africa? Importantly, the plenary keynote session on 13 May dealt with ‘Delivering energy solutions for African economies.’

With AUW having firmly ensconced itself on the energy calendar, NERSA is bound to participate in 2016.

INSIDE, REFLECTING OUTWARDS ...In the front section of our quarterly newsletter we provide readers with an ‘inside, reflecting outwards’ perspective of NERSA’s challenges and achievements, as well as our work-in-hand and the status of our regulatory activities as they affect our stakeholders and the public at large.

Conference & Exhibition

African Utility Week (AUW)

WORLD FORUM ON ENERGY REGULATION

Given the importance of this topic, NERSA despatched a senior delegation to the 6th WFER in Istanbul, Turkey. Our chairperson, Mr Jacob Modise and acting CEO, Mr Paseka Nku, headed the delegation, which had the opportunity to engage with key individuals and energy regulators from around the world. The event attracted the likes of SAFIR (South Asia Forum for Infrastructure Regulation), AEMC (Australian Energy Market Commission), MEDREG (Association of the Mediterranean Regulators for Electricity and Gas), CEER (the Council for European Energy Regulators) alongside our own RERA (Regional Electricity Regulators of South Africa) and AFUR (African Forum for Utility Regulators).

Over the four-day conference delegates touched on issues like “Engaging with Consumers in Increasingly Complex Markets” and “Meeting the Flexibility Challenge in Electricity Networks”.

WORLD GAS CONFERENCE

Mr Paseko Nku, our acting CEO, represented NERSA at the 26th WGC in Paris, France. He attended important sessions over the five days of the conference, where topical issues included “Natural gas as a core pillar for a sustainable future of the planet”, “Gas, renewables and electricity a perfect combination” and “Natural gas as a growth factor for new economies”. It is clear that these issues resonate with South Africa at present.

NERSA at local and international conferences

A delegation from the National Energy Regulator once again attended theprestigious African Utility Week in Cape Town from 12 to 14 May 2015.

4The Official Newsletter of the National Energy Regulator of South Africa

Eskom’s selectivereopener of MYPD3

MYPD3

On 08 May 2015, the National Energy Regulator (NERSA) announced that it was considering Eskom’s application for a selective reopening of the third Multi-Year Price Determination (MYPD3) decision.

Eskom’s selective reopener application followed its consultation process with the South African Local Government Association (SALGA) and National Treasury.

The application was posted on the NERSA website in mid-May with a closing date for stakeholder comments set for 15 June 2015. Public hearings were held over two days (23 and 24 June), allowing the Energy Regulator to arrive at its decision on 29 June.

Following due regulatory process, NERSA arrived at the decision to decline Eskom’s application.

Instead, the Energy Regulatorrequested Eskom to submit

a. an application for the adjustments in the allowed revenue in accordance with the MYPD methodology; or alternatively

b. a new application for the period 01 April 2016 to 31 March 2019 with indicative projections for the period 01 April 2019 to 31 March 2021.

R32.9 billionfor open-cycle gas turbines(OCGTs)

R19.9 billionfor short-term power purchase programme (STPPP)

‘We would like to thank all stakeholders for their active participation in the Energy Regulator’s decision-making process. Their valuable comments and contributions are taken into consideration by the Energy Regulator.’

- Mr Jacob Modise, NERSA Chairperson -

The selective reopener would have resulted in a total price increase of:

25.30% for 2015/16 - 2017/18,consisting of the 12.69% already approved, the 10.10% selective reopener for OCGTs and STPPP, and a 2.51% increase in the environmental levy by 2c/kWh.

In terms of its application,Eskom had wanted cost recovery of:

NERSA Chairperson, Mr Jacob Modise, noted the contribution of stakeholders in arriving at the decision:

‘We would like to thank all stakeholders for their active participation in the Energy Regulator’s decision-making process. Their valuable comments and contributions are taken into consideration by the Energy Regulator.’

5 April - June 2015

Minister of Energy acknowledges NERSA in energy plans

During the budget speech by Minister of Energy, Ms Tina Joemat-Pettersson, on 19 May 2015, she highlighted the role NERSA is playing in the energy sector.

‘Our government’s urgent response to load-shedding has accelerated the finalisation of the much awaited Integrated Energy Plan,’ she said. ‘Once approved by Cabinet, the Integrated Energy Plan will be published as a policy document. This plan will inform our future energy mix and prioritise policy interventions for future programmes within the energy sector.’

Referring to various small hydro projects allocated under the independent power producer (IPP) programme, the Minister said her department, in collaboration with other departments and entities, are looking into the potential

to develop micro hydro projects. Although a generation licence is not required for own generation, the Department of Energy is considering applications to assist developers to fast-track potential projects that will further alleviate the current energy supply challenges.

‘We will improve third-party access to the network,’ she said. ‘NERSA has commenced with the process of developing the necessary rules pertaining to this.’

The Minister further highlighted the significant contribution to the energy supply by means of renewable energy, coal, gas and co-generation by independent power producers. She envisages 17 000 Megawatt of energy towards the end of 2022 – an annual increase of 2 400 Megawatt.

‘Our current circumstances compel us to add a significant amount of electricity generation to the grid in a very short time,’ she explained. ‘The renewable energy independent power producer (REIPPP) programme has added to the energy supply capacity and electricity diversity in South Africa over a period of only three and a half years.’

She noted that this energy contribution should grow to some 7 000 Gigawatt/hours per annum with the first 47 renewable energy IPPs fully operational by mid-2016. The programme has secured a commitment of R170-billion in capital investments to the South African economy. Black South Africans own 28% of these projects.

‘We have already submitted for concurrence to NERSA new determinations for an additional 6 300 Megawatts for the REIPPP programme, as well as 1 800 Megawatts for co-generation,’ the Minister said.

The Minister also alluded to NERSA’s licensing of the fuel import capacity. Mentioning the energy regulator’s licences for the import facilities at Richards Bay, Saldanha,

NERSA Energy Plans

‘Our government’s urgent response to load-shedding has accelerated the finalisation of the much awaited Integrated

Energy Plan. Once approved by Cabinet, the Integrated Energy Plan will be published as a policy document.

This plan will inform our future energy mix and prioritise policy interventions for future programmes within the energy sector.’

- Ms Tina Joemat-Pettersson, Minister of Energy -

Minister of Energy, Ms Tina Joemat-Petterssonat the Networkijng Lunch

6The Official Newsletter of the National Energy Regulator of South Africa

Cape Town and Coega, she said this would enhance competition in the liquid fuels sector, while ensuring a more robust energy security regime.

‘Government will align the regulatory dispensation by the different organs of state to aid efficiencies in this area.’

She cautioned that the cleaner fuels initiative should not be used to entrench positions of some operators in the sector to exclude new entrants. ‘We believe that now is an opportune time for revisiting the cleaner fuels programme, as well as investment in new refining capacity.’

The minister felt that liquid petroleum gas (LPG) usage lags behind other energy sources in South Africa’s energy mix and that the department should develop an LPG switching strategy. ‘On the positive side, NERSA has licensed three import installations that will be able to bring in LPG,’ she noted. ‘Proposals on how to deal with other identified regulatory shortcomings that are hampering increased LPG usage will be developed by the department.’

In conclusion, the Minister requested all role players in the energy sector to assist her department in making a success of the International Renewable Energy Conference that takes place from 03 to 07 October 2015 in Cape Town. Some 6 000 delegates are expected, including 100 ministers responsible for energy and environmental affairs.

‘Your full support is required to make this a broad-based international renewable energy event, with a distinct focus on Africa and its development,’ she said. ‘It is clear that energy security and access is directly linked to socio-economic development.’

The following table provides a comparison between NERSA’s performance on its planned activities for 2009/10, 2010/11, 2011/12, 2012/13, 2013/14 and 2014/15.

NERSA’s Performance Report

TARGET METTARGET NOT MET

External Dependencies Internal Constraints

2009/10 66% 15% 19%

2010/11 68% 14% 18%

2011/12 66% 9% 25%

2012/13 87% 8% 5%

2013/14 90% 2% 7%

2014/15 96% 1% 3%

NERSA’s performance during 2014/15 is comparing favourably with that of previous years. NERSA is however committed to continue improving on its performance during the 2015/16 financial year.

Performance Results

NERSA Acting CEO, Paseka Nku, Zethu Kapika, Charles Hlebela & Mmoni Serumula at the DoE Budget Vote

Networking Lunch

7 April - June 2015

Rooftop Photovoltaics

An affiliate from the UnitedStates applauds NERSAfor excellent hosting

NERSA hosted a two-day international forum in March at the Eskom Academy of Learning in Johannesburg to deliberate the ground-breaking development of Rooftop Photovoltaics for South Africa.

Given the burgeoning demand for rooftop photovoltaic (RTPV) systems across multiple market segments, coupled to record low costs for these systems, there are key issues to be addressed immediately. The onus therefore is on authorities and stakeholders to look at technical requirements, safety and reliability, billing and rates, financial health of distribution utilities and more.

Successful implementation also has to take account of interconnection standards and grid codes, which are being developed now.

Therefore, NERSA has already set the date for the publication on the regulatory rules for small-scale renewable embedded generation (SSREG) as August 2015.

The global forum explored experiences from more developed distributed solar markets for translation to the South African context by facilitating much-needed dialogue among key stakeholders.

In our previous newsletter, the topic of rooftop photovoltaics (RTPV) was discussed. After going to print, we received a complimentary note from

21st Century Power Partnership, which is quoted verbatim,along with a summary of our previous article.

FOLLOWING THE LIVELY DEBATE IN MARCH, NERSA RECEIVED THIS NOTE FROM 21st CENTURY PARTNERSHIP

We at the 21st Century Power Partnership were incredibly pleased to co-organize the ‘Unleashing Rooftop Photovoltaics’ Forum with NERSA staff on March 23rd and 24th. The event was an important step in advancing the dialogue around small-scale renewable embedded generators forward in South Africa, and we laud NERSA for their forward thinking engagement and active participation in the event, resulting in its overwhelming success. We look forward to a series of heavy engagements with NERSA this coming year, and thank Mr Bukula and his staff for their genuine display of hospitality during our visit.

Owen ZinamanTechnical Lead – 21st Century Power Partnership Republic of South Africa Programme National Renewable Energy Laboratory

NERSA representatives (Bianka Belinska, Charles Geldard and Mr. Thembani Bukula) with delegates from 21 Century Power Partnership

8The Official Newsletter of the National Energy Regulator of South Africa

Renewable Energy

A view on small-scalerenewable embeddedgeneration

As part of the National Energy Regulator’s (NERSA’s) public hearings on regulations for small-scale renewable embedded generation (SSREG), it heard a noteworthy presentation.

Dr Tobias Bischof-Niemz gave his thoughts at the CSIR Energy Centre in April 2015.

He argued that embedded photovoltaic (PV) systems fulfill key requirements to address the current energy crisis in South Africa’s power system. Not only are the PV systems cheap (0.8-0.9 R/kWh) and fast (the industry can implement it quickly), but also large and by adding PV to the grid it is fully aligned with the long-term capacity-expansion plan (the Integrated Resource Plan).

As an aside, he indicated that other sources like biogas, single wind turbines and small hydro can potentially also be embedded, i.e. installed behind the customer’s meter.

He asserted that residential-sized PV is a cost-competitive alternative to other new-build options for the power system today. Current systems on offer for a large residential PV system, including high-quality components, show that rooftop PV is already cost-competitive to alternative new-build options.

Dr Bischof-Niemz argued that the implementation of such products might not be allowed or desired in the South African context yet, but it is no longer preventable. It is best to embrace the development as an opportunity for the power system to get low-cost additional energy quickly.

One objection the authorities might raise is the loss of income for municipalities. A solution he proposed is for the creation of a ‘Central Power Purchasing Agency’ (CPPA). This entity could buy the energy from embedded PV generators (at residential homes) to feed it back into the grid and compensate the PV owner at a guaranteed tariff over 20 years (at a predefined tariff path).

At the same time the CPPA could compensate the distributor (a municipality or Eskom Distribution) for the financial loss due to on-site self-consumed energy from embedded PV generators.

In this manner the CPPA de-risks the business case for PV owners and makes municipalities financially indifferent to embedded PVs.

‘With a gas fleet existing in the future, for which the fuel costs are significantly higher than for coal, the tariff effect could even be negative, meaning that installing PV would save the power system money,’ Dr Bischof-Niemz said.

Sun Gas Wind Water

9 April - June 2015

Acutely aware of the need to develop our young people who constitute the next generation of leaders, NERSA has a successful learnership programme, as well as Techno Girl programme, in place.

This year’s commemoration of Youth Day was held under the banner of ‘Youth Moving South Africa Forward’. South Africa has come a long way since the 16 June 1976 uprisings in Soweto, but 39 years later our youth still face tremendous challenges.

As veteran anti-apartheid activist Winnie Madikizela-Mandela responded at the commemorative event in Pretoria on 16 June 2015: ‘Youth are the future of this country, so it is important for us to give them hope.’

Celebrating Youth Day

In his address, President Jacob Zuma praised the youth for responding positively to the government’s promotion of education: ‘They continue to flock to higher education institutions each year, seeking education. However, another problem still remains,’ he said, referring to slow economic growth and therefore a lack of jobs for young graduates. Calling on businesses to assist by giving the youth opportunities as interns and apprentices, the president said: ‘We have to work together to provide opportunities for the youth, who are the future of our country. Government cannot perform this task alone. We thank all businesses that continue to employ young people and offer opportunities to them,’ he said.

OUTSIDE, LOOKING IN ...The second section of our quarterly newsletter provides readers with an ‘outside in’ perspective of NERSA’s people and their activities during the previous quarter and how NERSA’s values and goals drive it’s vision of being a world-class energy regulator.

Employee Event

NERSA’s acting CEO, Mr Paseko Nku, with staff members Edith Mkhabela, Sibongile Fumba and Linda Nkuna dressed as learners in celebration of Youth Day.

- Youth Moving South Africa Forward -

10The Official Newsletter of the National Energy Regulator of South Africa 10

Conference

African Forum forUtility Regulators

Infrastructure investment and the integration of infrastructure systems in Africa in recent years implied that regulatory issues at regional and continental level should be addressed.

This led to the establishment of the African Forum for Utility Regulators at the First Conference of African Ministers Responsible for Electrical Energy (FCAMBRE) in Addis Ababa, Ethiopia, in 2006. The official declaration made a commitment to ‘encourage the establishment of Regulatory Associations at the regional and continental levels, support and strengthen the African Forum for Utility Regulation (AFUR)’.

AFUR is therefore a formal association of African regulators where best practices, regulatory experience, and skills and guidelines are shared for the development of the appropriate framework for transactions to take place.

It also deals with the harmonisation of market structures and oversight of trans-border initiatives that may be required.

It has its own constitution stipulating its objectives, functions and other operational requirements. AFUR founding members agreed that the organisation would operate according to the following principles:

• Objectives: Broadly summarised as supporting the development of effective utility regulation in Africa through facilitating the harmonisation of regulatory policies, he exchange of information and lessons of experience among regulators, and capacity building in support of the socio-economic development of the continent.

• Participation: AFUR exists primarily to meet the needs of African utility regulators (established as autonomous agencies or otherwise), with participation in AFUR activities also open to other officials with an interest in utility regulation and, when appropriate, other stakeholders in the regulation process.

• Sectoral focus: The focus lies on issues associated with the regulation of energy, communications, water and sanitation, as well as transport (when sufficient transport

regulators have been established) – issues that are common across sectors.

• Geographic focus: AFUR has a continental mandate with regions serving as building blocks for its activities.

Since its establishment, AFUR has made significant progress with an impressive list of achievements. Some of these are:

1. the hosting of annual workshops, of which the forthcoming AFUR conference in Midrand would be the 12th;

2. adopting the AFUR Framework Document on Principles of Utility Regulation in Africa;

3. establishing strong working links with both the African Union Commission; the NEPAD Secretariat and the NEPAD E-Africa Commission; as well as strong working links with regional organisations such as the Regional Electricity Regulatory Association of Southern Africa (RERA), the Southern Africa Power Pool (SAPP), and the nascent Association of West Africa Utility Regulators (AWAUR), African Ministers Council on Water (AMCOW), and Central African Power Pool (CAPP); and

4. regularly publishing reports on topical regulatory issues, including the AFUR Bulletin twice a year.

Given that Southern Africa is now progressively integrating gas and

electricity in the energy supply grid, this forthcoming conference promises to highlight key pricing and regulatory regimes, as well

as investment regimes,for Africa as a whole.

Looking ahead at the imminent 12th annual African Forum for Utility Regulators (AFUR) conference to be held later in July, it might be appropriate to consider what the forum entails.

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Schedule of Energy Regulator and Subcommittee meetings for the period July to September 2015The Energy Regulator envisages the following schedule for the 3rd quarter of 2015

TYPE OF MEETING DATE OF MEETING PURPOSEJULY 2015

Executive Committee Monday, 13 July 2015 (09:00 – 12:00)• 1st Quarter performance report• 1st Quarter Management Accounts• Risk Register

Regulator Executive Committee Monday, 13 July 2015 (13:00 – 15:00) • 1st Quarter Performance Report• Reports/Governance/Delegated matters

Human Resources andRemuneration Committee Tuesday, 14 July 2015 (09:00 – 12:00)

• 1st Quarter Performance report• 1st Quarter Management Accounts• Reports/Delegated matters

Piped Gas Subcommittee Tuesday, 14 July 2015 (13:00 – 15:00) • Reports/Delegated matters

Electricity Subcommittee Wednesday, 15 July 2015 (09:00 – 12:00) • Reports/Delegated matters

Petroleum Pipelines Subcommittee Wednesday, 15 July 2015 (13:00 – 15:00) • Reports/Delegated matters

Finance Committee Wednesday, 22 July 2015 (09:00 – 13:00)

• 1st Quarter Management Accounts• Audited Annual Financial Statements (noting)• Budget Assumptions and Parameters• Reports/Governance/Delegated matters

Finance Bid Adjudication Committee Wednesday, 22 July 2015 (13:30 – 15:30) • Reports/Delegated matters

Audit and Risk Committee Thursday, 23 July 2015 (09:00 – 12:00)

• 1st Quarter Management Accounts• 1st Quarter Performance Report• Audited Annual Financial Statements• Audited Performance Against Predetermined Objectives• Audited Annual Report• Reports/Governance/Delegated matters

Budget workshop Thursday, 23 July 2015 (13:00 – 15:00)• Draft Budget for 2016/17• Levy rates per industry for 2016/17• Capital expenditure

Regulator Executive Committee Monday, 27 July 2015 (09:00 -11:00) • Reports/ Governance/Delegated matters

Energy Regulator Thursday, 30 July 2015 (09:00 – 13:00)

• 1st Quarter Management Accounts and 1st Quarter Performance Report• Budget and Assumptions• Audited Annual Financial Statements• Audited Performance Against Predetermined Objectives• Audited Annual Report and Subcommittee Reports• Subcommittee reports

AUGUST 2015Regulator Executive Committee Monday, 3 Aug 2015 (09:00 – 11:00) • Reports/Delegated matters

Public Hearing Thursday, 6 Aug 2015 • TBA

Executive Committee Tuesday, 11 Aug 2015 (10:00 – 14:00)• NERSA Budget 2016/17• Risk Register• Draft Annual Performance Plan (2015/16 – 2016/17)

Regulator Executive Committee Monday, 17 Aug 2015 (09:00 -11:00)• Reports/Governance/Delegated matters• NERSA budget 2015/15• Draft Annual Performance Plan (2015/16 – 2016/17)

Electricity Subcommittee Tuesday, 18 Aug 2015 (09:00 -15:00) • Reports/Delegated matters

Petroleum Pipelines Subcommittee Tuesday, 18 Aug 2015 (13:00 – 15:00) • Reports/Delegated matters

Piped Gas Subcommittee Wednesday, 19 Aug 2015 (09:00 – 12:00) • Reports/Delegated matters

Extended Finance Committee Wednesday, 19 Aug 2015 (13:00 – 15:00) • NERSA Budget for 2016/17

Energy Regulator Thursday, 27 Aug 2015 (09:00 – 13:00)• Draft Annual Performance Plan (2015/15-2016/17)• NERSA Budget for 2016/17• Subcommittee Reports

SEPTEMBER 2015Executive Committee Wednesday, 2 Sept 2015 (10:00 – 14:00) • Reports/Delegated matters

Public Hearing Thursday, 3 Sept 2015

Regulator Executive Committee Monday, 7 Sept 2015 (09:00 -11:00) • Reports/Delegated matters

Electricity Subcommittee Tuesday, 15 Sept 2015 (09:00 – 12:00) • Reports/Delegated matters

Petroleum Pipelines Subcommittee Tuesday, 15 Sept 2015 (13:00 – 15:00) • Reports/Delegated matters

Piped Gas Subcommittee Wednesday, 16 Sept 2015 (09:00 – 12:00) • Reports/Delegated matters

Finance Bid Adjudication Committee Wednesday, 16 Sept 2015 (13:00 – 15:00)

Regulator Executive Committee Monday, 21 Sept 2015 (09:00 – 11:00) • Reports/Delegated matters

Energy Regulator Wednesday, 30 Sept 2015 • Subcommittee Reports

The Official Newsletter of the National Energy Regulator of South Africa