We will look to work with the private sector as both partners in new projects across the continent, and through the supply chain as sources of coal and biomass feedstock.
How do you expect electricity prices to be adjusted going forward, and how can rates be made more accessible and affordable to the population? As a company we acknowledge that things should have happened earlier. Prices in South Africa remain comparatively attractive. So the concern is not the price levels, but the rate at which they need to be raised, which needs to be more realistic.
If we cannot demonstrate the ability to earn solid returns, borrowing funds to invest in much needed new capacity will be a challenge. Furthermore, and this is something often taken for granted, there is the understanding that if we borrow from abroad through foreign aid and development agencies, the funding often comes with obligationsand commitments in terms of project-related benefits for the lenders. However, if new projects can be self-financed, we can ensure that we source locally and create local jobs and feed the domestic value chain.
Politicians in most countries, understandably, will not allow electricity prices to be determined by the market. Achieving prices that are both competitive and reflective of cost is difficult. One way to ensure affordable prices for those most vulnerable to increases is through subsidisation. Lower income households receive free electricity up to a certain consumption threshold and then have to pay an increasing block-unit rate for consumption above the base level.
Households that consume more can afford to do so and pay significantly more per unit. Choose from the options below to purchase print or digital editions of our Reports. You can also purchase a website subscription giving you unlimited access to all of our Reports online for 12 months.
If you have already purchased this Report or have a website subscription, please login to continue. Explore other chapters from this report. All 40 Countries. South Africa Energy Interview View in online reader. But having got to this point, there are a number of possible Dames spoke to the FM.
Is this a fraction of the universe of potential investable renewable assets in SA, or is this already a fairly big portion to start off with?.. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Questions or problems? Email helpdesk businesslive. Got a subscription voucher? African Rainbow Energy and Power chief executive Brian Dames has stepped down from a task team set up just days ago to fix the problems at Eskom. But the presidency said in a statement on Wednesday that Dames had stepped down due to a perceived conflict of interest.
Based on these concerns, Mr Dames has requested to be released from the task team. The task team is comprised of individuals with extensive electricity, management and economic expertise. Its task is to:. Register Sign In. South Africa.
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