Eskom’s proposal to restructure renewable energy tariffs will impede growth in private sector investment in renewable energy projects and destroy intentions to wheel surplus energy through Eskom’s grid, as doing so will hold little financial gain, Meridian Economics MD Grove Steyn has said.
Speaking at public hearings held by the National Energy Regulator of South Africa (Nersa) on October 27, he said that, despite the need to balance Eskom’s revenue collection efforts with the need for a rapid rollout of renewable energy projects, the issue of restructuring tariffs was “very complex” and that loadshedding was the most pressing issue that needed to be resolved in the immediate term.
