The Electricity Regulation Amendment Bill is now before parliament and will provide a key framework for dealing with South Africa’s energy crisis.
The Bill also establishes a body to buy power, which should increase competition in the electricity market. The unbundling of Eskom will lead to the generation sector – currently Eskom’s worst-performing unit and the cause of load shedding – becoming more competitive as private electricity generation is welcomed whilst also allowing the transmission and distribution companies to continue expanding their operations.The Bill has faced severe delays, despite being seen as an urgent and critical piece of legislation to address the nation’s electricity concerns.
“The Mineral Resources and Energy Committee in parliament already has a full agenda making it difficult to process the bill through required public consultations in time for the year-end break. While the DMRE did not submit the bill properly, it is also inexplicable to me why parliament did not raise the alarm earlier. It leaves me feeling like neither is taking the electricity crisis seriously enough.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: brieflyza - 🏆 10. / 68 Read more »