Energy regulator Nersa has approved that the National Transmission Company of South Africa be issued with a licence.
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South Africa is planning to scale up its grid capacity as it works to address the crippling power shortages.
President Cyril Ramaphosa has appealed to Eskom to suspend its biggest electricity price increase in more than a decade.
Nersa has approved a 33.77% increase in Eskom’s electricity tariffs over the next two years, starting with a whopping increase of 18.65% this April.
Eskom is seeking an average power tariff increase of just over 32% for next year, much higher than originally sought.
Webber Wentzel legal experts unpack the practical considerations of five key interventions proposed by President Cyril Ramaphosa on Monday to end load shedding.
Articles claiming Eskom will impose a new R938 levy on South African solar users are “fake news”. There is no proposed special levy for solar users.
Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, S&P Global said.
Energy regulator Nersa appears to be stepping up the pace when it comes to approving the registration of new private power generation plants in South Africa.
Karpowership said some government agencies have stalled its projects and their conduct isn’t conducive to creating an attractive investment environment.