South Africa's National Assembly approves Electricity Regulation Act Amendment Bill to open national power grid to private generators.
South Africa is one step closer to creating a competitive electricity market after the Electricity Regulation Act Amendment Bill, which will facilitate opening the national power grid to private generators, was approved by the National Assembly. The bill provides for the creation of an independent transmission system operator, a precursor to establishing an electricity-trading platform. This move aims to address Eskom's failure to meet demand, resulting in rolling blackouts that have hobbled the economy and reliance on state bailouts.
March 14, 2024
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