DStv Channel 403 Saturday, 16 November 2024

City of Cape Town to pay residents for their excess electricity

CAPE TOWN - The City of Cape Town plans to pay residents for their excess electricity.

By mid-year, residents and businesses in the metro with self-generation capacity will be able to sell power back to the grid.

READ: WATCH | City of Cape Town cuts off illegal connections

National Treasury has granted the city exemption from legislation that requires competitive bidding for any purchase.

The city says that within four years it will have enough capacity to counteract at least four stages of rolling blackouts.

Watch the video above for more details on this story.

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