Our president Cyril Ramaphosa have Just made a major move that is guaranteed to change things in South Africa. This move will not only affect business but all Citizens, if it's used in the right way. This also has the potential to end Eskoms monopoly on the electricity supply in South Africa. Here are all the details and all the things that may happen.
Big Announcement :
President Cyril Ramaphosa has made a major announcement regarding the generation of electricity by private businesses in South Africa. These electricity announcement says that business are now allowed to generate up to one hundred mega watts of power. Instead of the previous one mega watt of power they were able too. This means that businesses can now generate their own electricity and possibly operate without that cost. They could also use this power to change the lives of private citizens if they are allowed to.
What it means for people :
If they are allowed too, businesses may be able to sell this electricity to people nearby. They would than become a private vendor for electricity. This will mean that these citizens are not subject to eskom or load shedding. They will have power provided by a private business and be subject to their private terms and conditions. However they will also be subject to the downfalls of private electricity generation.
What this means for Eskom :
If businesses are allowed to sell electricity privately, eskom may lose its monopoly on the Electricity market. As they are the only provider at the moment, they can do what they choose to, However if new providers are allowed to exist. They would have to face the competition and charge cheaper rates and give better service.
What Now :
Hopefully this new announcement will open many more doors in private electricity South Africa, the way that electricity is generated and how citizens get that electricity. I believe that eskom will fight against this announcement and fight against public businesses selling electricity. However if they are allowed to continue, than things will surely change. What do you think of this, tell me in the comments and follow for more news as it happens.
Content created and supplied by: News_and_Vibes (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More