The Electricity Regulation Amendment Bill, which will radically transform the structure of the electricity sector, has been passed by Parliament.
Parliament’s National Council of Provinces has passed the Electricity Regulation Amendment Bill, which will end Eskom ’s 100-year electricity monopoly.will help create an open market platform for competitive electricity trading in South Africa. Simply put, Eskom will be only one of the players in the electricity generation market.
Nersa will further have regulatory oversight during the transition to a competitive market in South Africa but will no longer be required to regulate pricing. The ERA Bill went through a parliamentary process, including public consultation, since its introduction to the house.Professor Anton Eberhard, an energy policy investment specialist who helped with the bill, welcomed the latest development.
Former Eskom CEO André de Ruyter said the private sector will largely take over electricity generation from Eskom in future. De Ruyter said the government must avoid the temptation to sink increasing amounts of money into Eskom’s ageing, deteriorating coal-fired power stations.
Dawie Roodt Electricity Regulation Act (ERA) Eskom Headline Energy
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