President Cyril Ramaphosa yesterday announced an amendment to the Electricity Regulation Act that will make it easier for independent power providers to generate power and even sell it back to the public.
The Western Cape government has welcomed the decision saying loadshedding has cost the province R25 billion over the last two weeks.
Ramaphosa said Schedule 2 of the Act will be amended to increase licensing threshold for embedded generation projects from 1 MW to 100 MW.
That means producers can generate power, skipping processes with regulator Nersa.
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