The National Energy Regulator of South Africa Nersa has granted South Africas ferrochrome majors, Samancor and Glencore-Merafe Chrome Venture, a hefty 35 electricity relief in a desperate measure to save the countrys smelters and thousands of jobs.
The decision follows an application by Eskom in December for temporary electricity price relief for the negotiated pricing agreements NPAs, entered into with the two companies, initially penned in 2023.
The relief period is set to last until the end of this year, with the government set to foot the bill for the relief, something that the National Treasury might weigh in on in the budget speech next month.
