“The load shedding costs the Western Cape economy R 75 million per stage per day. Over the past two weeks, bloodshed has cost the Western Cape economy an estimated R 3.85 billion,” said MEC for Finance and Economic Opportunities, David Maynier.
FILE: The Government of the Western Cape is satisfied with the changes foreseen in Schedule 2 of the Electricity Regulatory Act. Image: Pixabay.com.
CAPE TOWN – The provincial and local government of the Western Cape has said that the planned changes to Schedule 2 of the Electricity Regulation Act – is a step in the right direction.
This week, the president announced changes to the law to make it easier for independent power producers to generate and sell power.
MEC for Finance and Economic Opportunities David Maynier said the 100 MW production threshold is a big step forward for energy resilience in the Western Cape.
He said the recent power cuts had cost the country and the province millions of rand.
“The load shedding costs the Western Cape economy R 75 million per stage per day. In the past two weeks, bloodshed has cost the Western Cape economy an estimated R 3.85 billion.”
And Mayor Dan Plato said the development means companies can build their own production facilities to meet energy needs.
âIt will be some time before we see the benefits of this change, but it is a major boost to investor confidence and a step in the right direction. Hopefully this means Access Generation can also be reinjected into the network “.
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