City of Cape Town to raise feed-in tariff for selling power back to the grid | Business

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The City of Cape Town will raise the feed-in tariff for households and businesses selling power back to its grid by 10.15%, Mayor Geordin Hill-Lewis has said. | News24_Business

The City of Cape Town will raise its feed-in tariff for households and businesses selling back power to its grid by 10.15%.

The current tariff approved by the National Energy Regulator of South Africa is 78.98c/kWh. The city's incentive of 25c/kWh remains as it is. January and February account for 11% of all solar PV applications since the city's records began in 2018. The solar PV installations that occurred during these two months alsoCape Town looking to bring down price of special meters to feed in power to the grid

"This is a critical part of the city's load shedding resilience, and the fact that this 44-year-old station performs so well is testament to the power of regular and thorough maintenance," Hill-Lewis said of the continued investment in Steenbras. The increase was introduced to allow these customers to use more power during winter months, but the average monthly consumption limit of 450 units still applies for them to remain within this tariff category.The city has also allocated R10.9 billion to boost infrastructure.

 

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