Intellectual Property Rights from Publicly Financed Research and
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Electricity Regulation Act, 2006 (Act No. 4 of 2006)Chapter III : Electricity Licences and Registration15. Tariff principles |
| (1) | A licence condition determined under section 14 relating to the setting or approval of prices, charges and tariffs and the regulation of revenues— |
[Words preceding Section 15(1)(a) substituted by section 8 of Act No. 28 of 2007]
| (a) | must enable an efficient licensee to recover the full cost of its licensed activities, including a reasonable margin or return; |
| (b) | must provide for or prescribe incentives for continued improvement of the technical and economic efficiency with which services are to be provided; |
| (c) | must give end users proper information regarding the costs that their consumption imposes on the licensee's business; |
| (d) | must avoid undue discrimination between customer categories; and |
| (e) | may permit the cross-subsidy of tariffs to certain classes of customers. |
| (2) | A licensee may not charge a customer any other tariff and make use of provisions in agreements other than that determined or approved by the Regulator as part of its licensing conditions. |
| (3) | Notwithstanding subsection (2), the Regulator may, in prescribed circumstances, approve a deviation from set or approved tariffs. |
[Section 15, previously section 16, renumbered by section 16(b) of Act No. 28 of 2007]
