Cape Town eyes cheaper feed-in meters to cut cost of selling power back to the grid | Business

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Amid record solar PV installation applications, the City of Cape Town wants to slash the cost of specialised meters by more than half, so residents can sell back power to the grid.

Lameez Omarjee

March set a new monthly record for the City with close to 700 applications for solar PV installations.Plans are afoot for the City of Cape Town to slash the cost of a specialised meter by more than half, so that customers can use it to feed power back to the municipal grid. However, the municipality is currently testing a cheaper model, which could cost less than R6 000, and there are plans to release it later this year.

The feed-in tariff, which is approved by the National Regulator of South Africa, is at 78.89c for residents and will beThis is over and above the City's 25c/kWh incentive for customers selling power back to it. In the month of March, the City received close to 700 new applications for solar PV installations, a new monthly record.

"…should just 25 000 of Cape Town's more than 600 000 electricity customers sign-up as Power Heroes, we can protect against an additional one full stage of load shedding during peak hours," said Hill-Lewis.

 

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