Large-scale gas projects won't need to be considered until at least the mid to late 2030s, according to Meridian Economics.While gas has been touted as a transition fuel, a stepping stone to help South Africa move away from coal and eventually adopt cleaner alternatives, a new study shows there is no need for this.
. The report indicates that large-scale gas projects in the power sector are not economically viable. For now, the role of gas in the power sector is to serve as a fuel for peaking generation capacity, coupled with renewables such as solar PV and wind. In certain circumstances, diesel could be more cost-competitive than liquefied natural gas as a fuel choice for peaking plants – which provide power during peak demand hours.
Researchers suggest that before decisions are made to procure gas for power, government should update energy policy to reflect that the prices of renewables are now significantly lower than gas. Government is finalising a Gas Master Plan, due in March 2023.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
LameezOmarjee Fin24 What study? The entire world is moving to clean sustainable energy. But then again SA only knows how to move backwards
LameezOmarjee Fin24
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