A measure on electricity regulation that will make way for power trading and private generation projects in South Africa has been approved by the cabinet.
For a century, Eskom has provided over 90% of the energy required by the continent's most industrialised country. A power-buying body is described in the Energy Regulatory Amendment Bill as a step toward building a competitive market.
PICTURE: PexelsAccording to Minister in the Presidency Khumbudzo Ntshavheni, the Draft Electricity Amendment Bill has been approved for submission to parliament and will be prioritised.
Ntshavheni said in a statement that the law will enable procedures for establishing a transmission system operator, including the “provision of an electricity trading platform on a multi-market basis, and provide access to the transmission network on a non-discriminatory basis.”
Done by: Thaakiera Ackerdien
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