Pioneering the Future of Private Power in South Africa
On the 29th of October 2024, Apollo Africa part of the Reunert’s Renewable Energy Cluster, was granted an Electricity Trading License by the National Energy Regulator of South Africa (NERSA).
This significant milestone aligns with President Cyril Ramaphosa’s recent signing of the Electricity Regulation Amendment Act into law, marking it a transformative moment for South Africa's energy sector.
With the new legislation, the South African energy landscape is set for profound change as the Electricity Regulation Amendment Act paves the way for a competitive electricity market. The Act introduces a new market code and system, creating opportunities for increased public participation with entities like Apollo Africa playing a pivotal role in the country’s energy future. The Act also establishes the framework for a Transmission System Operator to oversee the national grid, ensuring transparent and competitive energy trading.
Jenna Harris, CEO of Apollo Africa, commented:
"We’re thrilled to have our license and to be at the forefront of this new era in the energy sector. The Electricity Regulation Amendment Act opens unprecedented opportunities for competition and cost reduction in energy. We’re moving full steam ahead with our first major wind project and are dedicated to providing our customers with the reliable, cost-effective power they need. Many of our customers have already invested in rooftop solar solutions, and we’re committed to supplying the balance of their energy needs in the most efficient way possible."
Apollo Africa’s entry into the electricity trading market is timely, as the new market system will increasingly tie energy prices to supply and demand dynamics. This shift underscores the importance for customers to start securing private power sources now, to take advantage of more favourable pricing and to ensure energy price security as South Africa transitions to a more competitive market structure.
Reunert’s Electrical Engineering Segment CEO, Deon de Kock supported this view by stating that:
“Apollo Africa plays a significant, leading role in the transition and change of South Africa’s energy sector, while providing customers professional support and world-class solutions, to access reliable and affordable green energy.
We are excited about Apollo Africa’s new licence, as their financial performance will make a key contribution to the Renewable Energy Cluster’s future growth and delivery against Reunert’s investment case. Apollo Africa augments Reunert’s renewable energy ecosystem; which offers converged renewables’ offering and solutions to customers, making renewable energy a key market differentiator.”
Apollo Africa is committed to sourcing and securing sustainable energy from top-tier renewable energy projects, with a mission to deliver significant savings on power costs for businesses while helping them to reduce their carbon footprints and to achieve their environmental, social, and governance targets. By partnering with Tier 1 independent power producers and leveraging deep technical expertise, Apollo Africa offers customized energy solutions that meet the unique needs of our clients.
As South Africa’s energy sector evolves, Apollo Africa is poised to be a leader in delivering green energy through innovative solutions, which utilises the existing electrical grid to deliver renewable power directly to businesses.
About Apollo Africa
Apollo Africa is an electricity aggregation and trading business that forms part of Reunert’s Renewable Energy Cluster. Services offered by Apollo Africa include:
sourcing supply in the market for our supply pool and conducting extensive due diligences
designing customised products to maximise customers’ savings and minimise waste
delivering supply to customers through a process called “wheeling”
providing customers with additional energy to meet their needs from a Take and Pay “TAP” pool; and
offering active management to respond to variability in customer load.
About Reunert
Reunert, founded in 1888, is a JSE-listed industrial group with a portfolio of high-quality assets in diversified sectors across the Electrical Engineering, ICT and Applied Electronics Segments. The Group’s strategic growth initiatives gear it for accelerated earnings, strong cash generation and a healthy balance sheet while executing responsible business practices. For further details on Reunert.