THE ENERGY (AMENDMENT) BILL, 2023

1 Sep 2023 domainSenate Bill No. 42 of 2023 Gazette: Supplement No. 162 of 2023
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Proposed

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Executive

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Final

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1

Mandatory Feasibility Studies Prior to Power Procurement

Before entering into any energy purchase agreement, a purchasing entity must conduct a feasibility study to verify that there is sufficient electricity demand that cannot be met by existing generation capacity.

2

Mandatory Beneficial Ownership Disclosure

Purchasing entities are prohibited from entering into energy purchase agreements with generating entities unless those entities have fully disclosed and registered their beneficial ownership in line with the Companies Act (Act No. 17 of 2015).

3

Prioritizing Renewable and Sustainable Base Load Energy

When procuring electrical power, purchasing entities must prioritize dispatchable generation with a sustainable base load at the point of dispatch, and give priority to generating entities utilizing renewable energy technology.

4

New Public Register of Agreements

Purchasing entities must compile, maintain, and publish a register of all energy purchase agreements and the beneficial ownership details of the contracting entities. This register must be completed within 90 days of the section's commencement, published on the entity's website and annual audit report, and made available for public inspection under the Access to Information Act (Act No. 31 of 2016).

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