Cape Town residents and businesses can now sell excess electricity they generate for cash. Loadshedding Solar renewableenergy
Cape Town residents and businesses will soon be able to sell excess electricity they generate for cash.
Over the years, Cape Town has been at the forefront of calling on government to be allowed to procure its own energy in order to wean itself from the embattled power utility Eskom. “The future is now, as we aim to immediately rollout the paying of cash for power. Payments to commercial customers will be possible before June, and within the year for any Capetonian with the necessary city-approved generation capacity. If you’re thinking of investing in a solar system, it just got more attractive,” says Hill-Lewis.
• Dropping a policy requirement for power sellers to be “net consumers” of energy, which previously only allowed for municipal bills to be credited for excess power, instead of actual cash payments; It notes that this is a bi-directional meter that allows accurate reporting of the amounts of energy consumed and generated.
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