Lights out for Eskom's monopoly? SA to open energy market to competition

New legislation that will effectively end Eskom's monopoly on the production of electricity and establish a competitive electricity supply market was passed by the National Assembly on Thursday.

The reform, one of President Cyril Ramaphosa's most important economic reforms, is viewed as crucial to opening up the electricity market and solving load shedding.

The Electricity Regulation Amendment (ERA) Bill makes provision for the establishment of a state-owned Transmission System Operator (TSO) that will: