Projects
South African power sector market and regulatory reform (2019 – 2023)
Meridian’s ongoing stream of work in this area involves the provision of advisory inputs and analysis into the policy and regulatory decision-making arena around the need for power sector regulatory reform and market development. Foci of this project include the need for rational decision-making related to energy sector investments, and to encourage diversity and competition in South Africa’s power market. ...
Review of the SA electricity regulation regime in South Africa
Grové was commissioned to produce a report on the development of the electricity regulation regime in South Africa. ...
Review of electricity pricing in South Africa – price setting inflation impact
Grové was commissioned to produce a review of electricity pricing in South Africa and to investigate the impact that electricity tariffs have on consumer price inflation. ...
Comment on the draft NERSA MYPD tariff methodology
Grové was appointed as an advisor to the National Electricity Regulator to assist with their preparations for implementing a multi-year pricing regime for Eskom (the national South African power utility). ...
Task team to assess the fiscal regime applicable to windfall profits in the liquid fuels sector
In the February 2006 Budget, Minister of Finance Trevor Manuel announced the appointment of a task team to investigate whether windfall profits were being generated by the liquid fuels industry, in particular the synthetic fuels industry, and whether a windfall tax should be imposed if such profits existed. Grové Steyn was subsequently appointed as a member of the Task Team by the Minister of Finance. The final report was delivered to the Minister of Finance in February 2007. ...
Review of the NERSA incentive based regulation rules
Grové was appointed as a specialist regulatory advisor to Eskom in order to assist with preparing appropriate responses to NERSA and advise on regulatory strategy. ...
Impact of economic regulation on management and performance of SOEs
Meridian was appointed to produce a report on the impact of economic regulation on the management and performance of state-owned enterprises (SOEs). The report set out to identify the key challenges related to the economic regulation of SOEs in the energy, transport and communications sectors. It outlined a framework for understanding the impact of regulation and the related governance framework on the performance of SOEs and to make recommendations for how the impact of economic regulation on SOE performance can be improved. ...
Submission on revised Gas bill
Meridian's role was to prepare comments on the proposed changes as specialist regulatory economists. We collaborated with the client's legal advisors in compiling a comprehensive response to the proposed changes to the Gas Act. ...
The case for the Mozambican North to South Gas Pipeline (Gasnosu) Project
Meridian collaborated with Econex to investigate the costs and benefits that the Gasnosu pipeline (which included gas-to-power projects), would hold for the economies of South Africa and Mozambique, and the southern African region as a whole. ...
Persuading the Energy Regulator to allow alternate tariff calculation methodologies
Meridian was appointed to prepare the Sunrise tariff application. However, given that Sunrise required a levelised cost tariff (an inflation indexed tariff) we first had to engage NERSA around the methodology that Sunrise wished to use for the application. After extensive engagements and exchanges of letters on the technicalities of our proposed approach (and demonstrating its NPV equivalence to the NERSA Rate of Return approach) we were able to reach a point where the tariff application could proceed on a levelised cost basis. ...