n IMFO : Official Journal of the Institute of Municipal Finance Officers - Regulator to crack down on blackout-prone power suppliers : newspaper extract

Volume 6, Issue 2
  • ISSN : 1607-520X



Extracted from text ... IMFO ? Summer 2005 38 Regulator to crack down on blackout-prone power suppliers Penalties for frequent outages include fines of up to R2m a day and withdrawal of licenses MUNICIPALITIES and other electricity suppliers that consistently experience power failures due to lack of investment in their distribution networks could soon be fined up to R2m a day or at worst have their operating licenses revoked. The Electricity Regulation Bill, published in the Government Gazette last week, seeks to ensure that "the interests and needs of present and future electricity customers are safeguarded and met" through investment in the electricity ..

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