CEO: Momentum Distribution Services | Supporting the long-term success of Independent Intermediaries
The recently released Draft IRP 2024 has been harshly criticised, with energy policy specialist Professor Anton Eberhard labelling it a "Neanderthal plan." The long-term strategy to guarantee the country's energy future has been accused of depending on wishful thinking rather than a balanced approach to considerations such as cost, supply security, environmental duties, technology improvements, and market changes. The plan covers two time horizons - up to 2030 and beyond to 2050 - and reveals a strong reliance on gas and delayed shutdowns of coal-fired power stations, raising concerns about energy security and environmental impact. Critics, including Eberhard, argue that the plan fails to accelerate renewable energy investments and lacks transparency in cost assumptions. Stakeholders are expected to demand more discipline and transparency, emphasising the economic cost of pursuing this allegedly outdated strategy. The public has until February 23 to submit comments on the draft. Read the full report and feel free to comment. https://rpb.li/ZJGLgn #EnergyPolicy #DraftIRP2024 #RenewableEnergy #EnergySecurity #EconomicImpact #EnvironmentalObligations #StakeholderInput #SouthAfricaEnergy
