WATCH: Long Road to Energy Reform

POSTED ON: September 14, 2022 IN Media

As the country grapples with another week of loadshedding, Eskom’s worst case scenario modelling for energy availability factors at its aging coal plants is coming to pass, highlighting the urgency with which the country needs to move on the long and winding road to total energy market reform.

Late on Friday 26 August, the National Electricity Regulator of South Africa (NERSA) asked for public comment on three section 34 determinations made by the Minister of Mineral Resources and Energy, Gwede Mantashe, which the minister sent to NERSA for concurrence.
The first one is for 14 791 MW of solar, wind and storage capacity to be procured. A second one is for 1 000 MW from biomass and landfill projects. The third one is for 3 000 MW of gas. This is a massive announcement. It more than doubles the total MWs in procurement, pushing the total over 33 000 MW of capacity that will be opened for bids, and in due course connected to the grid.
Murmurings ahead of the mini budget are also that Treasury will assume a portion of Eskom’s debt.
All the while Eskom’s EAF declines and serious concerns are being raised about whether the Koeberg 20 year life extension target date of 2024 will be achieved.

To talk about this Michael Avery is joined by Grove Steyn, MD of Meridian Economics; Miriam Altman, Director at Altman Advisory & Professor, 4IR Practice at the University of Johannesburg & Mark Swilling, Professor at Centre for Sustainability Transitions at Stellenbosch University

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