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Johannesburg. —South Africa appears to be a significant step closer to energy security following the adoption of the Electricity Regulation Amendment (ERA) Bill by the National Council of Provinces (NCOP) last week.
All that remains is for President Cyril Ramaphosa to “find his pen” and sign the bill into law.
Industry stakeholders are now urging the President to finalise the law as quickly as possible in order to unlock its many benefits.
The ERA Bill will allow independent power producers to access the country’s electricity grid and its signing into law is expected to spark considerable investment into the alternative energy market.
The Bill will also provide a national framework for the distribution of electricity between private companies, otherwise known as wheeling.
Ultimately it is expected to make energy cheaper, cleaner and more reliable, says Dr Rethabile, CEO of the Solar PV Industry Association (SAPVIA) — iol.
Online Reporter