Cabinet approves bill to open up electricity market | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

South Africa’s cabinet approved a bill on electricity regulation designed to clear the path for private generation projects and power trading. | News24_Business

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.

The bill will strengthen the role of the National Energy Regulator of South Africa and allow measures to create a transmission system operator that includes the"provision of an electricity trading platform on a multi-market basis, and provide access to the transmission network on a non-discriminatory basis", Ntshavheni said in a statement. In times of uncertainty you need journalism you can trust.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Well done.

_Business About 15 years too late...

_Business Bye bye Eskom…MYANC will now move to new feeding trough

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government approves new laws to open up South Africa’s electricity marketGovernment approves new laws to open up South Africa's electricity market Mnguni_Don Kuzosala igama elithi REPUBLIC OF SOUTH AFRICA kphela🤞🤣🤣🤣
Source: BusinessTechSA - 🏆 24. / 61 Read more »