Projects

Grové Steyn was appointed as an expert witness by the complainants. Meridian prepared a number of expert reports, filed as part of the litigation, that analyse the Madibeng industrial electricity tariffs and the appropriate method for tariff regulation by NERSA....

Our client was contemplating building their own crude oil loading facility, due to capacity and logistical constraints on the existing facility. They required an understanding of the tariff that NERSA would be likely to approve for use of the facility, if they built it.

Our client is a shareholder in the ROMPCO pipeline that brings natural gas from Mozambique to South Africa. Our client required […]

Under instruction from our client's attorneys we investigated the pricing mechanism utilised by the gas supplier for the claim period and assessed whether it complied with the provisions of the regulatory framework during this period. We further quantified the extent...

Meridian has been appointed to prepare the tariff application on behalf of the client. The work entails: developing a detailed tariff model which considers the implications of different tariff methodologies, and enables detailed scenario and stochastic analysis to be...

Meridian was requested to calculate an estimate of the tariff that NERSA can be expected to approve for SFF (for charging to third parties) in accordance with NERSA's existing, and proposed new tariff methodologies.

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...

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...

We created a pricing mechanism using a number of objective, measurable features related to customers' consumption profiles which allowed significant variation in pricing. This mechanism created incentives for customers to improve their efficiency by rewarding...

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...

We created all customer engagement tools to facilitate explanation of the new mechanism to customers. We additionally created modelling tools for long-term budgeting and strategic planning purposes. We wrote the software required to convert hourly consumption logger...

Meridian collaborated with the client's legal advisors to prepare a detailed response to the NERSA consultation document. The submssion questioned the basic premise of the approach NERSA proposed to adopt and suggested an alternative that would be compliant with the...

We collaborated with the client in preparing the application. When NERSA questioned the use of an intangible asset in the calculation of the tariff we provided further specialist advisory services to support the basis of the tariff application.

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...

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....

Our role was to prepare a specialist economist report in response to aspects of the applicant's founding affidavit and in support of the client's case at the Ports Regulator.

We provided analytical, and strategic support in a number of Gas Supply Agreement negotiations between our client (a piped-gas trader) and their customers. We assisted by calculating the possible profit impact of offering customised escalation adjustment mechanisms...

Meridian was appointed as the economics advisors as part of a professional team that prepared an official complaint with the South African Competition Commission. Meridian conducted a detailed competition assessment and prepared an economists expert report that formed...

Our role included assisting with detailed strategy sessions; preparations of the team's participation at the NERSA public hearing; and presenting at the same hearing as the team's economic expert. The licence applications were successful.

After lengthy engagement with the regulator regarding methodology we calculated an appropriate tariff path that would meet both the client's needs and the regulator's requirements. This required the calculation of a levelised cost tariff that increases by inflation...

Meridian was appointed to conduct an LPG market investigation and prepare an economists report on behalf of Borbet. Our report covered the regulatory and competition economics issues relevant to the inquiry and identified areas of concern to Borbet that it wanted the...

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...

Grové Steyn was appointed as an expert witness by the complainants. Meridian prepared a number of expert reports, filed as part of the litigation, that analyse the NMBM industrial electricity tariffs and the appropriate method for tariff regulation by NERSA. During...

We constructed a financial model to evaluate the financial value of different regulated termination rate scenarios on the client's business.

The Competition Commission was preparing its case documents for its referral of Sasol Chemicals Industries (SCI) to the Competition Tribunal for alleged excessive pricing. The Commission needed assistance with responding to the technical financial aspects of SCI...

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...

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...

Grové was appointed as an sector expert to the EB Steam team. He advised on a wide range of power sector economic and regulatory issues that arose during the arbitration and was also responsible for drafting expert reports that would be filed as part of the process.

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...

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...

Grové was appointed to lead a consortium of advisors investigating the implications of such a regime by means of financial modelling.

Grové was appointed to undertake a study and prepare an economic report on the relationship between electricity prices and general price inflation in the economy.

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.