Opening up electricity generation: 'Expect an explosion in the market'

Amid public power utility Eskom's ongoing woes, Energy Minister Jeff Radebe this week gave the National Energy Regulator of SA (Nersa) permission to go ahead and licence applications from various sectors for projects to generate their own electricity.

The energy department has confirmed that Nersa can now license 500 megawatts for small-scale embedded generation (SSEG) projects.

Independent energy expert Ted Blom describes this as fantastic news but cautions that the minister may have over-reached in this instance.

There might be a bit of over-reach by the minister into the regulator's domain, because they are actually busy with this... As long as it doesn't compromise their independence it's most, most welcome.

Ted Blom, Independent energy expert

Blom says he anticipates a 'massive explosion' in the electricity market off the back of this news.

On the lower end it opens up the market for self-generation and perhaps even community generation by townhouses, stokvels and the like.

Ted Blom, Independent energy expert

Hopefully the regulator will be fair and say that you'll get the same tariff as what Eskom charges you when you draw off the grid, you get the same when you pump into the grid. But that's highly unlikely.

Ted Blom, Independent energy expert

For more on the implications of this move, take a listen:


Recommended

by NEWSROOM AI
Read More
Diagnosing and living with Lupus

Diagnosing and living with Lupus

It's Lupus Awareness Month and Dr Fundile Nyathi says if you display any of a few common symptoms, raise this with your doctor.

2019 CLS 53 oozes style while packing a punch - motoring journalist

2019 CLS 53 oozes style while packing a punch - motoring journalist

Mercedes Benz launched its new AMG in South Africa and Jacob Mashokoa's very happy it did.

How kids can learn to assert themselves, even if it's only to seem strong

How kids can learn to assert themselves, even if it's only to seem strong

Creative parenting expert Nikki Bush gives the lowdown on developing assertiveness and how it is different to being rude.

Africa Day call to eradicate 'negative aspects of tribalism'

Africa Day call to eradicate 'negative aspects of tribalism'

The Tribal Freedom Fighters is holding a march to Parliament to raise awareness about tribalism.

[WATCH LIVE] Inauguration of President Cyril Ramaphosa

[WATCH LIVE] Inauguration of President Cyril Ramaphosa

Thousands of South Africans and international guests to witness presidential inauguration at Loftus Versveld Stadium.

Presidential inauguration: 'Celebrating the new dawn gives us all hope'

Presidential inauguration: 'Celebrating the new dawn gives us all hope'

CGIS' Tasneem Carrim talks about the proceedings and the decision to switch venues to Loftus Versfeld Stadium.

Popular articles
It just became legal for anyone to deal in dagga-derived CBD

It just became legal for anyone to deal in dagga-derived CBD

Cannabidiol now falls entirely outside of drug regulations. Africa Melane interviews Andre du Plessis (Cannabis Working Group).

How to calculate how much money you need to never have to work again

How to calculate how much money you need to never have to work again

How much is enough? Is there a simple calculation? Warren Ingram, a personal financial advisor at Galileo Capital, explains.

[WATCH] BMW's tribute to Mercedes-Benz maker CEO Dieter Zetsche goes viral

[WATCH] BMW's tribute to Mercedes-Benz maker CEO Dieter Zetsche goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.

You can now apply to generate electricity and feed it into the grid

You can now apply to generate electricity and feed it into the grid

The change comes after Energy Minister Jeff Radebe told the National Energy Regulator of SA to license applications to do so.

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

Khabazela shares tweets and Facebook posts that have gone viral.

'Thuli Madonsela’s name has been mentioned for Deputy President'

'Thuli Madonsela’s name has been mentioned for Deputy President'

Lumkile Mondi (Wits), Ferial Haffajee and Busisiwe Mavuso (Business Leadership SA) on the President's upcoming "slim" Cabinet.

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

Consumer journalist Wendy Knowler uncovered evidence of banks sending dealer principles on holidays abroad for hitting targets.