Apollo Africa, a business in Reunert’s Renewable Energy Cluster, has been granted an Electricity Trading License by the National Energy Regulator of South Africa (NERSA). This significant milestone aligns to President Cyril Ramaphosa’s recent signing of the Electricity Regulation Amendment Act into law, marking it a transformative moment for South Africa’s energy sector.
With the new legislation, the South African energy landscape is set for profound change as the Electricity Regulation Amendment Act paves the way for a competitive electricity market. The Act introduces a new market code and system, creating opportunities for increased public participation with entities like Apollo Africa playing a pivotal role in the country’s energy future. The Act also establishes the framework for a Transmission System Operator to oversee the national grid, ensuring transparent and competitive energy trading.
Jenna Harris, CEO of Apollo Africa, comments “We’re thrilled to have our license and to be at the forefront of this new era in the energy sector. The Electricity Regulation Amendment Act opens unprecedented opportunities for competition and cost reduction in energy. We’re moving full steam ahead with our first major wind project and are dedicated to providing our customers with the reliable, cost-effective power they need. Many of our customers have already invested in rooftop solar solutions, and we’re committed to supplying the balance of their energy needs in the most efficient way possible.”
Apollo Africa’s entry into the electricity trading market is timely, as the new market system will increasingly tie energy prices to supply and demand dynamics. This shift underscores the importance for customers to start securing private power sources now, to take advantage of more favourable pricing and to ensure energy price security as South Africa transitions to a more competitive market structure.
Reunert’s Electrical Engineering Segment CEO, Deon de Kock states “Apollo Africa plays a significant, leading role in the transition and change of South Africa’s energy sector, while providing customers professional support and world-class solutions, to access reliable and affordable green energy.
We are excited about Apollo Africa’s new licence, as their financial performance will make a key contribution to the Renewable Energy Cluster’s future growth and delivery against Reunert’s investment case. Apollo Africa augments Reunert’s renewable energy ecosystem; which offers converged renewables’ offering and solutions to customers, making renewable energy a key market differentiator.”
Apollo Africa is committed to sourcing and securing sustainable energy from top-tier renewable energy projects, with a mission to deliver significant savings on power costs for businesses while helping them to reduce their carbon footprints and to achieve their environmental, social, and governance targets. By partnering with independent power producers and leveraging technical expertise, Apollo Africa offers customised energy solutions that meet the unique needs of its clients.