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6 Frequently Asked Questions about “Cape Town purchases outdoor power”
How much money has Cape Town made through cash for power?
Since the start of the fiscal year 2022/23, Cape Town businesses and households have earned more than R25.8 million through the City's Cash for Power programme. This comes after the City became the first metro to purchase surplus solar PV power from small-scale generators in exchange for municipal bill credits and cash.
How many sellers are taking part in Cape Town's Cash for power programme?
More than 1 800 sellers are taking part in the metro's Cash for Power programme. Image: Supplied Cape Town's innovative Cash for Power programme has hit a significant milestone, with businesses and households collectively earning over R50 million since its launch in 2022/23.
Can businesses sell excess power to Cape Town's grid?
With the exemption in tow, businesses – and in time, residents – will now soon be able to receive cash for selling their excess power into Cape Town's grid, the city said.
Does Cape Town buy solar power from small-scale generators?
Cape Town is the first metro to buy excess solar PV power from small-scale generators, with over 1 800 small scale power sellers now participating. Under the Cash for Power programme, the City first credits a power seller's total municipal bill automatically down to zero, generating a cash saving.
Does Cape Town have solar power?
The initiative has driven a surge in small-scale power generation as residents seek to counter load shedding and take advantage of Cape Town's streamlined solar installation process. The city is currently able to purchase power for cash from a total of 176MVA of installed small-scale embedded generation (SSEG) capacity.
When will Cape Town start paying cash for electricity?
The City of Cape Town says that it will be able to start paying cash for power fed into the local electricity grid from June 2023. Cape Town Mayor Geordin Hill-Lewis announced on Tuesday (24 January) that the city was granted an exemption from National Treasury for a competitive bidding process around the move.