3rd Party Electricity Wheeling Fast-Tracked in the WC…

Western Cape municipalities are getting electricity wheeling toolkits to help fast-track the implementation of third-party electricity wheeling. It will allow private sector entities to transport power over the grid to other businesses, organisations, or facilities. In this interview with BizNews, the Provincial Minister of Infrastructure, Tertius Simmers, speaks about the benefits of third-party electricity wheeling. Those include: mitigating the impact of load shedding; a reduction in the bulk purchase cost of electricity for consumers; reducing consumer and municipal reliance on ESKOM: providing better electricity price certainty to businesses and commercial electricity consumers; enabling businesses to use renewable energy and reduce threats of export market carbon border adjustment mechanisms, as well as meet their climate change mitigation commitments and/or negate carbon tax obligations; and providing an incentive for investment, with the associated economic development and job creation benefits. - Chris Steyn