Webinar: Transitioning to a multi-market model

19 Oct 2023

You, your friends, colleagues and all interested persons are cordially invited to attend a webinar, entitled:

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

Register online here now

Co-hosted by

EE Business Intelligence and the Power Futures Lab, UCT Graduate School of Business

Supported by

Rand Merchant Bank (RMB); Webber Wentzel; Enerweb; GET.transform; South African IPP Association (SAIPPA)

Format

Following a welcome and some words of housekeeping by Chris Yelland of EE Business Intelligence, Prof. Anton Eberhard, UCT Graduate School of Business, 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 of Rand Merchant Bank will summarise and wrap up after the presentations. This will be followed by a 30-minute “fireside discussion” and Q&A session facilitated by Christine Juta, Power Futures Lab, UCT Graduate School of Business, 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
Christine Juta, PhD candidate, Power Futures Lab, UCT Graduate School of Business

Register online here now

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 key insights by Prof Anton Eberhard, UCT GSB Power Futures Lab

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, Rand Merchant Bank

14h05 – 14h35: Q&A facilitated by Christine Juta, UCT GSB Power Futures Lab

14h35 – 14h40: Thanks and conclusion by Chris Yelland