Electricity Regulation Act, 2006 (Act No. 4 of 2006)RulesRegulatory Rules for Power Purchase Cost Recovery17. Duration |
| 17.1 | An authorisation for power purchase cost recovery should remain valid for the duration of the relevant PPA. Investors will need to be confident in the buyer’s ability to make payments into the future, and the buyer will need an appropriate level of regulatory certainty in regard to its recovery of power purchase costs. |
| 17.2 | For the avoidance of doubt, the review process set out in rule 16 is limited to reconciling cost variances and draw-down of the power purchase account balance, and is not a retrospective review of the general authorisation or the basis on which cost effectiveness was established. |