South Africa is about to launch an electricity trading market, a move that will empower consumers with choices regarding electricity products and pricing.

The opening of South Africa’s electricity trading market marks an important step towards market-oriented reforms in the country’s power industry, which will have far-reaching implications for resolving the long-term power problems, attracting investment and improving the stability of energy supply.

For many companies, market opening will provide investment opportunities, especially in renewable energy such as photovoltaics and wind power.