Sasol loses appeal in price gouging case
Competition Appeal Court finds the commission does have jurisdiction to investigate excessive gas prices
05 March 2024 - 15:12
UPDATED 05 March 2024 - 22:32
Chemicals and energy company Sasol has lost its appeal in the competition appeal court, in a case investigating claims that it engaged in gas price gouging for almost a decade.
This is the latest development in a years-long battle between industrial gas users and the National Energy Regulator of SA (Nersa) over the methodology it uses to set the maximum gas price. It also raises questions about the effectiveness of Nersa, which is supposed to oversee gas pricing in the public interest in a market where Sasol is the monopoly supplier of natural gas...
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