The utility says it is confident the decision will positively contribute from a financial and sustainability point of view, while the revenue determination of R319-billion and R352-billion for the financial years, respectively, will allow a further migration towards a price level that reflects the efficient cost of producing electricity.
The Underground Gravity Energy Storage (UGES) concept, developed through a study led by the International Institute for Applied Systems Analysis (IIASA), works by using the weight of sand and letting it fall down a mineshaft through regenerative braking systems that power dynamos, which produce electricity.
INDUSTRY NEWS
WHERE TO FIND US
Address
9 Yellow Street
Botshabelo Industrial Area
Botshabelo, Free State
Call / Email Us
Tel: +27 (0) 51 534 1651
Email: info@transfix.co.za