Nersa's 'failed' methodology could see gas prices spike 220% - court papers

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Sasol Gas has a monopoly in the piped gas market, according to IGUA-SA (Getty)
Sasol Gas has a monopoly in the piped gas market, according to IGUA-SA (Getty)
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Gas prices could skyrocket by as much as 220% this year and an organisation representing industrial gas users is now legally challenging National Energy Regulator of South Africa's (Nersa) "failed" gas pricing methodology.

The Industrial Gas Users Association - Southern Africa (IGUA-SA), whose members include steelmaker ArcelorMittal and packaging company Nampak, last year filed an application to have the Pretoria High Court set aside Nersa's approval of Sasol Gas' maximum gas prices which applies for a period between March 2014 and June 2023.

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