|Renewable Energy Set to Catalyse the Sluggish South African Electricity Market|
|An adaptive power generation model is essential to stay relevant in changing power demand and supply scenarios|
The electricity sector in South Africa has witnessed dynamic changes over the past few years. Sharp increases in electricity tariffs have been a prominent feature of the electricity supply industry in South Africa. Declining global commodity prices and increasing electricity prices have had a detrimental impact on the mining and manufacturing industry, which have experienced sluggish growth. The economy of South Africa is witnessing a gradual change with increased contribution from the services sector. As such, the demand for electricity has reduced. Decreasing costs of renewable energy technologies, regulatory reforms, market restructuring, coupled with the risks and delays associated with base-load coal and nuclear power will largely determine the future of the electricity sector in South Africa.
Access the executive summary via the download now button.