Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom

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Overview of Multi-Year Price Determination 2013/14–2017/18 (MYPD 3) Page 112 of 144 Operating costs beyond the MYPD3 period escalate by an average of 6% per annum. Coal price increase by an average of 10% per annum after 2017/18. Scenario definitions In the 65% scenario, IPP‟s will build capacity beyond the 9210MWs such that the total IPPs equate to approximately 35% of the uncommitted build. The remaining 65% is built by Eskom. In the 100% scenario Eskom will build all capacity required by IRP post the 9210MWs Renewable IPPs. Uncommitted build refers to the new build options in IRP of 45,637MWs comprised of nuclear of 9600MW , coal of 6250MW, CCGT of 2370MW, OCGT of 3910MW, solar of 8400MW , wind of 8400MW, CSP of 1000MW and hydro imports of 2609MW. Findings of scenario 1: Eskom builds 65% of IRP 2010 post MYPD3 A representation of the capacity allocations is presented in the figure below:
Overview of Multi-Year Price Determination 2013/14–2017/18 (MYPD 3) Figure 12: Allocation of the IRP 2010 capacity on the Eskom 65% build scenario Page 113 of 144 The results of the capacity allocations and cost of technology choices has revealed that to meet the IRP 2010 build commitments, Eskom would need to spend R1.8 trillion on capacity expansion beyond the substantial completion of Kusile of which approximately R180 billion would be spent during MYPD 3 (see Table 48). Table 48: Capital expenditure for Eskom builds 65% of IRP 2010 (R million) R'million Corporate, Distribution & Transmission Total new build Nuclear Solar and CSP Wind Gas Coal Generation - technical capital expenditure Total capex MYPD3 2014~2018 MYPD4 2019~2023 MYPD5 2024~2028 2029~2031 Total IRP 2030 176,443 177,748 129,459 9,343 9,367 - 29,579 141,171 495,362 249,579 698,740 425,970 83,124 65,460 87,496 1,035,816 Financing the amount of debt needed to fund such expansion, while still covering Eskom‟s operating costs and depreciation, would require average price increases of 20% per year for 9,075 115,111 506,602 772,909 334,641 170,714 217,668 38,823 11,063 96,632 1,376,142 286,374 98,580 24,137 68,945 - 5,497 - 48,516 433,469 1,218,998 1,747,976 914,207 332,127 292,494 53,395 155,753 373,815 3,340,789
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EXECUTIVE SUMMARY Introduction Over
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ESKOM PROFILE Overview of Multi-Yea
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Price path: Funding: Other: Overvie
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2 THE MYPD PROCESS Key points Overv
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Electricity Pricing Policy Overview
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Accomplishments during MYPD 2 Overv
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Environmental levy Overview of Mult
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Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom

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