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 120 of 144 The impact over MYPD 3 of the 65% and 100% scenarios are depicted in the tables below. Table 52: Summary of 65% vs. 100% Eskom build scenario Primary energy 65% BUILD 2013/14 2014/15 2015/16 2016/17 2017/18 MYPD 3 Eskom primary energy (Rm) 57,267 IPP's (Rm) 13,196 Total primary energy (Rm) 70,463 Operating costs Total operating costs 48,387 Assets and depreciation Regulatory replacement asset base (Rm) 802,723 Capital expenditure (excl interest during construction) (Rm) 73,584 Revenue and price increases 59,828 15,840 75,668 54,072 884,046 80,355 63,003 23,198 86,202 61,841 969,797 89,752 64,255 35,736 99,991 69,838 1,081,598 116,659 65,086 51,562 116,648 75,397 1,216,614 135,011 Total revenue (Rm) 157,763 190,635 233,028 281,599 343,673 Regulated tariff increases 20% 20% 20% 20% 20% Funding Debt drawdowns (Rm) 42,061 Primary energy 91,314 58,404 64,408 77,583 309,439 139,532 448,972 309,536 495,362 1,206,697 100% BUILD 2013/14 2014/15 2015/16 2016/17 2017/18 MYPD 3 Eskom primary energy (Rm) 57,267 IPP's (Rm) 13,196 Total primary energy (Rm) 70,463 Operating costs Total operating costs 48,387 Assets and depreciation Regulatory replacement asset base (Rm) 802,723 Capital expenditure (excl interest during construction) (Rm) 73,584 Revenue and price increases 59,828 15,840 75,668 54,072 884,046 80,355 63,003 23,198 86,202 61,841 969,797 89,752 64,255 35,736 99,991 69,862 1,082,064 117,126 65,086 51,562 116,648 75,538 1,219,924 137,827 Total revenue (Rm) 157,763 190,635 233,028 281,599 343,673 Regulated tariff increases 20% 20% 20% 20% 20% Funding Debt drawdowns (Rm) 42,061 91,314 58,404 64,830 80,300 333,771 309,439 139,532 448,972 309,700 498,644 1,206,697 336,909
Overview of Multi-Year Price Determination 2013/14–2017/18 (MYPD 3) Page 121 of 144 Note that over the MYPD3 period, there is a marginal impact on the financial results as shown above. The difference between the 100% and 65% can be seen in the capital expenditure and funding. The need for an integrated funding approach Regardless of how the IRP 2010 projects are eventually allocated, a nationwide integrated funding approach will be required to define: Price trajectory: Without a sensible price trajectory the country‟s funding requirements may outstrip the pool of available funds. Localisation: (Funding from the local markets) to indicate which types of funding will be limited or precluded. Technology and/or equity partners: To define potential sources of third-party equity. Potential future structural changes: To the industry to use flexible funding structures such as joint ventures and public-private partnerships.
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EXECUTIVE SUMMARY Introduction Over
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ESKOM PROFILE Overview of Multi-Yea
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Electricity Pricing Policy Overview
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Cost of cover Overview of Multi-Yea
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Part 1 Revenue Application: Multi-Year Price Determination ... - Eskom

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