07 Feb

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Gas is not beer, it's a limited commodity – Sasol Gas lawyer defends price hikes

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Londiwe Buthelezi
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Sasol Gas' lawyer told the Competition Tribunal that its proposed price hikes for 2023 were sent to customers before the regulator's nod.
Sasol Gas' lawyer told the Competition Tribunal that its proposed price hikes for 2023 were sent to customers before the regulator's nod.
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Legal counsel arguing behalf of Sasol Gas in competition proceedings over proposed price hikes in 2023 say what the company wants to charge is well within the formula provided by regulators, and there is no reason why the energy firm shouldn't earn margins similar to traders in other countries.

The National Energy Regulator of SA (Nersa) has not approved gas prices for 2023, and the R133 per gigajoule (GJ) that Sasol Gas wanted to charge from August last year now hangs in the balance.

When Sasol Gas informed its customers about the proposed price hike in August 2022, the Industrial Gas Users' Association of Southern Africa (IGUA-SA) and Egoli Gas took the company to the Competition Commission. Sasol subsequently delayed the implementation of that price increase, waiting to finalise its engagements with Nersa.

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