Projects

Grové was approached by the NER to put together a team of advisors to assist in a review of the Eskom tariff application. The role included project managing the entire review process, including the meetings with all stakeholders, and presenting the final recommendations to the NER Board. ...

Grové was approached by the NER to put together a team of advisors to assist the NER to undertake the review of the Eskom tariff application. The role included project managing the entire review process, including the meetings with all stakeholders, and preparing the for the presentation of the final recommendations to the NER Board. ...

We provided a comprehensive review of the Eskom MYPD2 tariff application and assisted the client with executive-level engagements with Eskom in order to obtain more details on aspects of the application. We prepared the final regulatory submission on behalf of the client. ...

Grové served as a member of the Board of the Regulator and also chaired the Regulatory Committee that was responsible for all matters related to the TNPA's tariffs and tariff setting methodology. His responsibilities included chairing public hearings and oversight of the tariff review processes in the Ports Regulator; of the development of a new tariff and pricing structure methodology; and of the finalisation of the annual tariff determination. ...

After a thorough analysis of the client's business strategy, we constructed both a levelised cost tariff model and a rate of return tariff model. Based on the client's business requirements we advised the implementation of a levelised cost tariff indexed to inflation. We created a complex levelised cost model to calculate the appropriate tariff to be charged considering the financial implications of various operational scenarios. We were instrumental in the NERSA application process, writing all submission documentation for the client's final review. The tariff application was successfully approved, unchallenged, by NERSA in March 2013. To our knowledge this was the ...

We built a financial model of the savings that would be realised by the power utility under various possible operational modes, quantities of gas sold and instantaneous demand requirements. We integrated this model with the clients own financial model to ensure that multiple scenarios could be analysed both from the client's perspective and that of the utility. ...

We provided a comprehensive training session covering the legal framework. including the Gas Act, the Gas Regulations and the regulatory (NERSA) guidelines and methodologies. We demonstrated the various methods for calculating tariffs and explained their applicability. All aspects of the value chain were covered including production, loading, storage, liquefaction, re-gasification, transmission and distribution. ...

We built a complex levelised cost model that could calculate tariffs for multiple infrastructure items delivering multiple capacity increases over arbitrary timeframes. We used this model to assist the client with their tariff application strategy and to calculate the final tariff application. We prepared all regulatory submission documents for the client's final review. ...

Meridian was tasked with developing a financial model of the mine, in conjunction with a mining engineering consultant. The aim of the model was to calculate the price for the Eskom coal that would enable the ongoing viability of the mine under different stochastically generated coal market and macro economic scenarios, and mine production configurations. ...

Meridian was requested to conduct a comprehensive analysis of the implications of the new methodology, and to prepare a submission to NERSA on behalf of the client. We developed a financial model to compare the impact of the three possible tariff methodologies being considered and evaluated each from the perspective of the client's commercial and financing strategy. It became clear that the new proposals exposed investors to significant new risks, which, if not adequately addressed by the regulatory regime, could scupper new investment. We are also assisting the client with ongoing engagements with the Regulator regarding their concerns about the ...