South Africa’s Cabinet Approves Bill to Open Power Market
- Legislation will be submitted to parliament for processing
- Objectives include creating transmission system operator
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South Africa’s cabinet approved a bill on electricity regulation designed to clear the path for private generation projects and power trading.
State-owned Eskom Holding SOC Ltd. has provided more than 90% of electricity used by the most industrialized nation on the continent for a century. The Electricity Regulation Amendment Bill outlines an entity to buy power as a step toward establishing a competitive market.