The Impact of an Open Market on Electricity Customers: Benefits and Effects
With Alderman Leon Van Wyk, Executive Mayor at George Municipality and Bongani Mandla
Summary
George Municipality explores the advantages of energy market liberalization in South Africa, specifically focusing on the implications for electricity customers and local economic development.
They underscore the importance of a reliable and affordable electricity supply for businesses and households, illustrating the exorbitant expenses of relying on generators and diesel. They also underscore the significance of solar PV and battery technology for powering networks and maintaining operations for businesses.
Additionally, they introduce wheeling agreements, a new intermediation process that permits the private sector to sell electricity to the grid and eventually to consumers. George Municipality is optimistic that these alterations will foster economic expansion.
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