Eskom unbundling: Nersa approves licence for independent transmission company | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 80%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The process of unbundling Eskom is one step closer to realisation after SA's energy regulator approved the operating licence for an independent transmission company. | News24_Business

On Friday, the National Energy Regulator of SA said it approved a licence for the National Transmission Company of South Africa to operate the national power grid. This was after a public hearing in April, where all the presenters that made oral presentations supported the application for the licence.

"This is a milestone decision by the energy regulator and will immensely contribute in Eskom’s unbundling trajectory," Nersa chair Thembani Bukula said in a statement. The roadmap for Eskom published by Minister of Public Enterprises Pravin Gordhan in 2019 proposes the splitting up of Eskom into three units: generation, transmission and distribution. The restructuring is essential to creating a competitive electricity market in SA, where multiple producers sell power to a single state-owned grid company.

 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Eskom in bid to avoid 'grid catastrophe' - court papers | BusinessEskom and renewable energy developer G7 slogged it out in the South Gauteng High Court in Johannesburg on Thursday, in a case with high financial stakes for both the company and the country, which urgently needs new energy capacity added to the grid.
Source: News24 - 🏆 4. / 80 Read more »

Eskom hands control of load shedding back to Ekurhuleni | BusinessEskom has returned control of load shedding back to the City of Ekurhuleni less than a week after it took over when the municipality failed to implement power cuts. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

ESKOM UPDATES | Stage 4 overnight on Friday - and a weekend of load shedding ahead | BusinessESKOM UPDATES | Stage 4 overnight on Friday - and a weekend of load shedding ahead
Source: News24 - 🏆 4. / 80 Read more »

SA CEO pledge: Partnerships between business and govt can work, but leave the politics out | BusinessThe CEOs of two of SA's biggest private sector employers said on Thursday they are already seeing the fruits of closer ties between business and the government in the battle against SA's power, logistics, and security crises. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Business Talk – Where South Africa’s top executives share the latest insightsBusiness Talk is South Africa’s premier business video podcast and boasts a large audience of key business decision-makers.
Source: BusinessTechSA - 🏆 24. / 61 Read more »