Market forces assume control in the energy sector

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Proponents of a just energy transition are confronting the country’s powerful and vociferous coal lobby and the silent but influential oil and gas lobbies.

These twin transitions are driving a gradual shift in the global economy from the western and northern regions to the eastern and southern regions, which offer more favourable renewable energy resources. This shift is exemplified by the establishment of the Brics grouping. Amid the contestation between sources of primary energy and energy markets, South Africa has to contend with the emergence of a pervasive informal political-economic system, shaped by the intersection of patronage and factionalism, where patronage networks form political factions to gain influence within the state. In the energy sector, this has manifested as the state capture of entities such as Eskom and municipalities, alongside other state institutions.

Despite a noticeable policy shift towards market reform, many electricity customers see it as too little, too late and, weary of waiting for a government-led solution to load-shedding, and are taking matters into their own hands. Gas for power generation is required to act as the baseload customer for imported liquefied natural gas which, together with the combined demand of industrial customers, should meet the economies of scale requirements necessary to warrant investment in the infrastructure.

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