The City of Tshwane says it will write to President Cyril Ramaphosa on Monday to lobby him against signing the Electricity Regulation Amendment Bill into law. City officials say the bill gives too much power to the National Energy Regulator of SA to determine electricity tariffs.
The ERA Bill was passed by the National Council of Provinces on Thursday, bringing effect to Eskom's unbundling and paving the way for the electricity supply industry's opening up. The bill makes provision for an independent Transmission System Operator that will, among other things, create an open-market platform to enable competitive electricity trading.
This will effectively end Eskom's 100-year monopoly as the only generator of electricity, as the TSO will buy electricity from multiple generators, not just Eskom, on an equal footing.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Source: Law Daily Report (lawdailyreport.net)
City Of Tshwane Electricity Regulation Bill
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