across the country inhibiting the forward momentum needed to successfully sustain economic activity. The alarming level of power outages are disrupting operations and prevent companies from reaching their production targets., which measured the impact of loadshedding in the real estate industry, most respondents reported that loadshedding has in some or other way had a serious impact on their businesses.
Virtual wheeling is a process by which energy transactions occur on paper or electronically, allowing electricity buyers and sellers the freedom to exchange energy without physically moving it across transmission or distribution lines. This is primarily achieved through contracts, trading platforms, and grid management systems.Discovery has procured between 400MW and 1GW of wind and solar energy from a curated list of leading local and international independent Power Producers.
The first businesses enrolled to the service include a network of large Discovery corporate partners, and over time the platform will expand to other clients in South Africa as Virtual Wheeling and new wheeling frameworks through municipalities become available.
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