Jeff Radebe opens way for businesses to generate their own power

Jeff Radebe opens way for businesses to generate their own power

- Jeff Radebe has announced plans to open up the way for businesses to produce their own eelctricity

- This could potentially lighten Eskom's energy load

- The move comes after Cyril Ramaphosa stressed that Eskom was "too important to fail"

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Energy Minister Jeff Radebe has made the first step toward allowing businesses to produce their own electricity. 

This electricity will be able to be added to the national grid.

This represents a potentially major shift, as it could open up the market for private companies to produce energy.

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This policy pivot comes after months of woes at Eskom, which have contributed to several bouts of load-shedding this year alone. Eskom's power stations are already overburdened by the current energy demands of the country.

Radebe's opening up of alternative sources of electricity could go a long way to easing Eskom's overtaxed grid, according to Business Live. 

Radebe's decision comes on the heels of Cyril Ramphosa's recent statement that "cleaning up" Eskom was one of his highest priorities. The president stressed that Eskom was too important to fail.

Ramaphosa has touted reforms at Eskom for months, such as the "unbundling" proposed during his SONA, but he has faced opposition even from within the tripartite alliance, with some trade unions speaking out against the reforms. 

However, it appears that action may be be beginning to take shape at the power utility. Indeed, Radebe also axed the Necsa CEO this week over charges of misleading statements and irregular expenditure, has gathered. This may be a signal that the era of energy mismanagement is nearing an end.

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It remains to be seen, however, whether the presidency's rhetoric of reform is just that - rhetoric - or if it will translate into more meaningful action.

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