The National Energy Regulator of South Africa NERSA has approved amendments to Eskoms Negotiated Pricing Agreement framework, enabling interim concessionary electricity pricing arrangements for participating ferrochrome smelters.
The approval follows Eskoms application submitted on April 10 and a public consultation process that included public hearings on May 25.
According to Eskom, the amended framework provides for different contract periods for participating companies with five-year agreements for Samancor Chrome and three-year agreements for the Glencore-Merafe Venture. The utility said the core pricing mechanisms and risk-sharing arrangements remain consistent across the agreements.
