President Cyril Ramaphosa has lifted the threshold for companies to produce their own electricity without a licence to 100MW, in a surprise announcement that will be much celebrated by business.
Embedded generation — when a company produces electricity for its own use or for use by others — is widely regarded as the quickest way to bring additional megawatts onto the grid. Companies, mines and farms are believed to have 5,000MW in pent-up projects, which could be released if licensing requirements were lifted.
Eskom was on stage 3 load-shedding on Thursday, dropping 3,000MW of demand from the grid to avoid it being overloaded.
This is a developing story
BusinessLIVE
President lifts threshold for companies to produce own electricity
Embedded generation is widely regarded as the quickest way to bring additional megawatts onto the grid
Image: BLOOMBERG/BING GUAN
President Cyril Ramaphosa has lifted the threshold for companies to produce their own electricity without a licence to 100MW, in a surprise announcement that will be much celebrated by business.
Embedded generation — when a company produces electricity for its own use or for use by others — is widely regarded as the quickest way to bring additional megawatts onto the grid. Companies, mines and farms are believed to have 5,000MW in pent-up projects, which could be released if licensing requirements were lifted.
Eskom was on stage 3 load-shedding on Thursday, dropping 3,000MW of demand from the grid to avoid it being overloaded.
This is a developing story
BusinessLIVE
MORE:
Eskom ups load-shedding to stage 3 on Thursday
Dark times: We've had 560 hours of load-shedding so far in 2021
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