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Cabinet approves Bill to open power market

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South Africa’s cabinet approved a Bill on electricity regulation designed to clear the path for private generation projects and power trading. Moneyweb ElectricityAmendmentBill

South Africa’s cabinet approved a Bill on electricity regulation designed to clear the path for private generation projects and power trading. State-owned Eskom has provided more than 90% of electricity used by the most industrialised nation on the continent for a century. The Draft Electricity Amendment Bill has been approved for submission to parliament and will be prioritised, Minister in the Presidency Khumbudzo Ntshavheni told reporters in Pretoria, the capital, on Thursday.

Eskom has become an unprofitable utility, despite its monopoly, and is moving ahead with a plan to separate the business into generation, transmission and distribution units.

 

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