Ramaphosa says separated grid company will ‘promote purchase of lowest-cost electricity’

The creation of a separate State-owned transmission entity, as part of the restructuring of Eskom into three separate entities responsible for generation, transmission and distribution, has been held up by President Cyril Ramaphosa as key to promoting the purchase of the lowest-cost electricity for businesses and households. In his weekly newsletter, which is dedicated to the reforms under way across State-owned enterprise (SOEs), the President said that the transmission company, which is schedule for establishment by year-end as the Independent System and Market Operator (ITSMO), would be able to purchase power from a broader range of providers, both private and public.