Projects

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. ...

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. ...

Meridian was appointed to compile and submit the operating licence application on behalf of OTMS. ...

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 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 ...

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. ...

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. ...

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 the central part of the submission to the competition authorities. ...

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 every year, and the calculation of a Rate-of-Return tariff for the same facility and the demonstration of parity between these two different tariff profiles. We also documented the financial calculations (model) and drafted the technical (and primary) sections of the tariff application document. Following the submission of the application, we remain active on the project to assist Sunrise with the finalisation of ...