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Explain the term ‘Electricity tariffs’ and give ERA’s role in the adjustment and approval of Tariffs?
ANS:
- Definition of a tariff – the cost per unit of electricity.
- Definition of Revenue Requirement – the amount of money / funds required to operate the entire electricity sub sector system. This comprises of the following:-
- Operations and maintenance costs
- Normal overheads.
- Cost of investment in utilities / value of asset consumed during operation.
- Definition of losses in the sector – these comprise of commercial losses i.e. thefts and technical losses i.e. resistance along transmission wires.
- Definition of sector segments i.e.
- Generation – the production of electricity from the dam hydro facilities – currently Eskom Ltd has a 20 year concessionaire to operate this in Jinja.
- Transmission – the transportation of electricity along heavy duty 66 KV and 132KV lines to sub stations. (The wholesaling of electricity).
- System operator – the bulk supplier (wholesaler) of electricity.
- Distribution – transportation of electricity along low voltage lines i.e. 33KV, 11 KV lines, and 415 volts lines. (The retailing of electricity).
Determinants of tariffs adjustments:
- Cost of delivering electricity to your premise.
- Operation and maintenance costs.
- Normal overheads.
- Cost of investment in utilities / value of assets consumed during operation.
- Units sold – (generated units) less technical losses and commercial losses e.g. thefts.
How tariffs are adjusted by ERA:
- In setting the tariffs, ERA must take into account all interests of stakeholders in the electricity sector (i.e. consumers, electricity operators and Government). This is by Law.
- When ERA receives tariff adjustment Applications from the electricity operators / licensee it: -
- Invites the interested members of the public to study documents for 30 days and make comments where necessary.
- Receives written comments if any (and may call a Public Hearing if necessary).
- ERA professional staff analyses the applications, budgets, and the publics’ comments if any and may consult some stakeholders before making recommendations to the Authority.
IV. The Authority takes a decision on the matter. May approve or otherwise and publishes the new tariffs. |
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