Eskom, which announced its interim financial results on Friday, says it has made progress with unbundling and expects that a license for its new subsidiary transmission company will be issued by the end of April.
The Cabinet also announced progress on Eskom's unbundling this week with the approval of the Electricity Regulation Amendment Bill, which will establish the independent market and system operator and further open up the electricity market to competition. This means it must fund its capital costs from the revenue it earns from operations. Large capital projects – such as investment in the transmission grid – will need permission.
The impact of rising unpaid debts owed to Eskom was also considered, and it was hoped that the Treasury would soon table a solution to deal with defaulting municipalities. A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
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