Private wheeling projects have no regulated compensation if the grid operator curtails them because of oversupply.
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Draft rules would bar trading bots from South Africa’s new wholesale electricity platform at launch.
No proposal has reached the regulator on making midday power cheaper to soak up surplus solar in South Africa.
Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
Eskom and BLSA now say they agree on the independent transmission operator, two months after a public falling-out.
Investors have been waiting to see whether South Africa would actually follow through on real energy sector reform.
The transmission operator will own the assets outright, reversing a plan approved by the energy minister in December.
The fight over who owns South Africa’s transmission grid has burst spectacularly into the open.
The appointment reflects Eskom’s push to compete for customers as South Africa’s electricity market is liberalised.
South Africa’s wholesale power market was set to launch on 1 April – that date has now slipped.