Projects
Preparation of a NERSA application for Loading and Storage tariffs.
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 performed; the preparation of the tariff application document itself; and assistance with regulatory engagement throughout the process. ...
Response to NERSA tariff methodology for petroleum loading and pipelines
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 ...
Pricing Mechanism redesign to achieve Regulatory Compliance and commercial aims
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 customers who use gas in a more consistent manner with lower prices. Creation of the pricing mechanism required use of non-linear mathematical optimisation techniques under multiple constraints in order to satisfy the competing requirements. ...
Revising the Petroleum Pipelines Regulations
Meridian was appointed to review the proposed changes and to prepare comments on behalf of the client with the aim of ensuring that the client's preferred commercial pricing strategy would be achievable under the new regulations. We also represented the client at a DOE consultation workshop. ...
Petroleum importing and storage terminal licence
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. ...
Regulatory engagement, strategy and capacity development
Grové was appointed by the Transnet CEO, Maria Ramos, to assist Transnet with engaging with the newly established regulators, guide the Divisional and Corporate Executive Teams on the regulatory engagement processes, prepare and manage tariff applications, and assist with the development of internal capacity to engage with the regulatory process. ...