The government is amending schedule two of the Electricity Regulation Act as part of its efforts to ensure the economic recovery of the country by saving Eskom from troubles.
On Thursday, 10 June 2021, President Cyril Ramaphosa made an announcement on the government’s efforts to achieve a swift and lasting economic recovery. This is in light of the pandemic and other state challenges, such as the ongoing crisis at the Eskom, the country’s power utility and biggest contributor to the economy.
The president announced that the government will be amending schedule two of the Electricity Regulation Act. This will be to increase the National Energy Regulator of South Africa (NERSA) licensing threshold for embedded generation projects, as a way to ensure as much capacity to the grid for the stability of the energy system.
According to Ramaphosa, “We need to strengthen Eskom, enable it to get out of its woes right now and enable the government to support it. We will not allow Eskom to fail because it holds the economy of the country in its transmission lines and power stations.”
See the post below.
President @CyrilRamaphosa will today make an announcement as part of government’s efforts to achieve a swift and lasting economic recovery. The announcement will be broadcast live on all platforms from 12h00. #economicrecoveryplan #COVID19 pic.twitter.com/YKndd9P7Qj
— @SAgovnews (@SAgovnews) June 10, 2021