The City of Cape Town plans to procure up to 500 MW of electricity from energy traders and aggregators, marking a shift away from the traditional single-buyer model dominated by Eskom.
The city said it will establish a panel of approved traders capable of supplying electricity through multiple power purchase agreements enabling it to source power at prices below Eskoms bulk tariff while diversifying supply.
Mayoral Committee Member for Energy Alderman Xanthea Limberg said the programme intends to secure cost-competitive electricity and strengthen supply resilience.
