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solar power trading

sustainable energy solar power trading
Technology

Cape Town’s Stellar Innovation: Economical Meter for Solar Power Trading

by Lerato Mokena
May 9, 2024

Cape Town has introduced an affordable singlephase feedin meter for residents to trade excess solar power back to the city through the ‘Cash for Power’ scheme. The new meter is priced at 40% less than the previous threephase model and has already generated over R30.8m. Participants can receive credits on their electricity and rates accounts by selling power back to the city or earn cash once their total municipal bill is credited down to zero. This initiative reflects Cape Town’s commitment to promoting sustainable energy practices and reducing loadshedding.

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