Invitation and announcement of webinar:
Electricity market development:
The transition to a multi-market model – the urgency and the implications
DATE: 26 October 2023
TIME: 12h00 to 14h40 SA time (GMT+2)
PLATFORM: Zoom Webinar
COST: No cost, free-of-charge, all welcome
Co-hosted by
Supported by
Format
Following the welcome and housekeeping by Chris Yelland of EE Business Intelligence, Prof Anton Eberhard will open the webinar with some key insights. Thereafter, four expert presenters will each have a 20-minute slot to give presentations on the topic at hand. Dario Musso will summarise and wrap up after the presentations. This will be followed by a 30-minute “fireside discussion” and Q&A session facilitated by Dr Wikus Kruger, and then closure by Chris Yelland.
Participants and presenters
- Prof Anton Eberhard, Power Futures Lab, UCT Graduate School of Business
- Keith Bowen, Eskom
- Hans-Arild Bredesen, Bredesen Consulting
- Jason van der Poel, Webber Wentzel
- Dr Gerard Van Harmelen, Enerweb
- Dario Musso, Rand Merchant Bank
- Dr Wikus Kruger, Power Futures Lab, UCT Graduate School of Business
Background and objectives
With the legal separation of Eskom’s generation, transmission, and distribution businesses, and the high growth of private sector participation in the Southern African electricity supply industry through IPPs and traders, an informal competitive electricity market has already begun to emerge.
Bilateral IPP-to-customer wheeling agreements, over-the-counter (OTC) electricity trading, and trading in one-to-one, one-to-many, many-to-one and many-to-many arrangements are taking shape. As the processing time of trading licenses by NERSA reduces, this trend will continue, subject only to the technical challenges of gaining access to the grid.
As the volumes of wheeling-based energy continue to increase and become more significant in Eskom’s overall generation mix, further changes are likely to be necessary. The Electricity Regulation Amendment (ERA) Bill allows for the establishment of a multi-market model, giving IPPs access to a competitive generation market, as this is introduced.
This webinar will focus on the urgency and implications of the transition to a multi-market model to serve the changing needs of the electricity supply industry in the Southern African region, including:
- Eskom unbundling, and the creation of a transmission system and market operator.
- Power market design choices – international experience.
- Eskom’s views on the design of a future power market.
- The Electricity Regulation Amendment Bill – relevance, importance, implications and key concerns.
- The implications of South Africa’s new power market for generators, traders and consumers, including balancing responsibility.
- The evolution from rudimentary spreadsheets to comprehensive enterprise-level electricity trading platforms.
- The role of the local and international financial sector in the establishment of electricity markets in Southern Africa.
Programme
12h00 – 12h05: Welcome and housekeeping by Chris Yelland, EE Business Intelligence
12h05 – 12h20: Opening and insights by Prof Anton Eberhard, UCT GSB
12h20 – 12h40: Presentation by Keith Bowen, Eskom
12h40 – 13h00: Presentation by Hans-Arild Bredesen, Bredesen Consulting
13h00 – 13h10: Comfort break
13h10 – 13h30: Presentation by Jason van der Poel, Webber Wentzel
13h30 – 13h50: Presentation by Dr Gerard Van Harmelen, Enerweb
13h50 – 14h05: Wrap-up, summary, takeaways and insights by Dario Musso, RMB
14h05 – 14h35: Q&A facilitated by Dr Wikus Kruger, UCT GSB Power Futures Lab
14h35 – 14h40: Thanks and conclusion by Chris Yelland
