load-shedding was costing the economy about R500m per stage per day, and costing the Western Cape economy R75m per stage per day.
“In the last two weeks, it has cost the country’s economy about R25bn, and the Western Cape about R3.85bn,” he said. “We need to urgently finalise schedule 2 of the Electricity Regulation Act and clarify which categories of projects are covered by the relaxation and ensure the permitting and registration requirements do not become another regulatory spiderweb causing unnecessary delays in the delivery of additional energy supply in SA.”
He said the country remains in an energy crisis and large-scale private sector participation in energy generation, in partnership with government, will be key to addressing the current shortfall in the Western Cape. “This is a positive move that will give much-needed certainty to investors and increase access to affordable, renewable energy in SA.”
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