Courts now prepared to scrutinise energy regulator’s prices
Facing increasing prices regarding Sasol Gas’s maximum prices, a group of seven industrial gas users applied to the the high court to review and set aside the regulator’s methodology and maximum price decision
31 July 2019 - 12:52
A recent judgment of the Constitutional Court involving the country’s energy regulator signals a new-found willingness by the courts to scrutinise the way regulators set prices and tariffs. This added level of regulatory accountability can only bode well for major sectors of SA’s economy that are subject to economic regulation.
The statutory powers of regulators, such as the National Energy Regulator of SA (Nersa) are extensive. Importantly, these powers typically apply to the development of the regulatory frameworks and methodologies in which regulated prices and tariffs are set...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.