Electricity bill makes history as Eskom's 100-year monopoly faces its end
The next step is for President Cyril Ramaphosa to sign it into law.The Electricity Regulation Bill was passed through the National Council of Provinces on Thursday, setting SA on an irreversible path of electricity supply reform that will end Eskom 's 100-year monopoly.
It has been a race against time for Parliament to process it before it is dissolved ahead of the election. Although the bill was approved by Cabinet in March last year, administrative bungling meant that Parliament only began processing it in August. The TSO will sit inside Eskom's unbundled National Transmission Company of SA . It will buy electricity from all producers, including Eskom's own power plants and independent power producers, on an equal and independent basis.
In a statement, Cosatu said it did not support the bill, which it believes will lead to Eskom's privatisation and higher prices. It also believes that restructuring Eskom will not solve its"multiple crises" of corruption, years of underinvestment, and ill-equipped management, but will add to its costs.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eskom should expand the grid, not retrofit coal power stationsFormer Eskom CEO weighs in on the status of SA's electricity challenges.
Read more »
Eskom is not only keeping up with demand ... it now has a surplus of supplyElectricity supply is now comfortably higher than demand, allowing Eskom to do further short-term maintenance.
Read more »
Eskom’s light at the end of the tunnel: Illusion or reality?Electricity Minister Kgosientsho Ramokgopa's upbeat claims contrast with lingering doubts over Eskom's performance.
Read more »
Siya Kolisi Makes TIME List Of 100 Most Influential People In The WorldSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »
President Cyril Ramaphosa: Eskom’s Improved Performance Keeps Lights On for 6 WeeksPresident Cyril Ramaphosa commended Eskom for keeping the lights on for six weeks, a sign of the improved performance of Eskom’s electricity power stations.
Read more »
André de Ruyter says Eskom is unfixableFormer Eskom CEO André de Ruyter says Eskom’s glory days are long gone and that people should forget about affordable electricity, which is always available.
Read more »