Energy reform expected after signing of new Electricity Bill
President Cyril Ramaphosa has signed the Electricity Regulation Amendment Bill into law.
The new law aims to establish a competitive electricity market, promote renewable energy, and reduce energy costs.
The Act also mandates the creation of an independent transmission system operator within five years.
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Presidency spokesperson Vincent Magwenya says the reforms are part of a broader energy action plan.
"It is anticipated that the diversity of supply, and the promotion of renewables will stimulate a demand for new skills, innovation and technology in the electricity sector, which will generate new industrial activities and try mitigate unemployment."
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