The City of Cape Town has recently unveiled a cheaper electricity meter for residents to 'sell their excess solar power' back to the City, which forms part of the 'Cash for Power' programme.
The City of Cape Town has recently unveiled a cheaper electricity meter for residents to ‘sell their excess solar power’ back to the City, which forms part of the ‘Cash for Power’ programme.
‘Residents can now place their meters orders, as well as sign up for our Cash for Power programme to earn cash back for the excess power they sell to the City. This in turn helps in our broader goal of ending load-shedding in Cape Town over time,’ he added. A power seller’s total municipal bill is first credited automatically down to zero, with the option to ‘apply to earn cash beyond a zero balance’.
Sellers could only be previously credited against their electricity bill up to a zero balance, but key policy changes made by Cape Town now enables the total municipal bill to be credited, as well as cash payouts beyond this.
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