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Cabinet approves bill to open up electricity market | Business

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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. | 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.

 

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_Business Well done.

_Business About 15 years too late...

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

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Source: BusinessTechSA - 🏆 24. / 61 Read more »