Eskom should not be required to provide all of South Africa’s electricity needs despite the implicit assumption contained in the MYPD 3 application that Eskom will remain the sole supplier of this country’s electricity generating capacity. Even though the application ostensibly covers Eskom’s revenue requirements only to the completion of the Kusile generating plant, the size of the application indicates that Eskom is preparing for the construction of new generating capacity beyond Kusile. There are powerful economic reasons why the continuation of the current vertical monopoly structure of the utility should be discontinued.
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Comments on Submission on Eskom’s Revenue Application Multi-Year Price Determination – 2019/20 to 2021/22 (MYPD 4)