South Africa Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

Pages: 71 Published: July 04, 2022 Report Code: GDPE2280ICR

The South Africa power market cumulative installed capacity was 64.5 GW in 2021. The market is expected to grow at a CAGR of more than 1% from 2021 to 2035. During this period, renewable power is expected to witness rapid growth.

The South Africa power market research report discusses the power market structure of South Africa and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential.

South Africa Power Market Outlook

South Africa Power Market Outlook

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South Africa Power Market Dynamics

South Africa generates most of its electricity requirement from coal-based capacity. More than 70% of installed capacity is achieved through coal. The new IRP has called for the retirement of coal power plants. The country, therefore, intends to increase gas-based capacity to maintain electricity supply. But South Africa does not have adequate gas reserves. It proposes to source its gas requirements from the neighboring country, Mozambique. It is also in talks with other Southern African Development Community (SADC) members to source its gas requirements.

The Southern African Power Pool (SAPP) was established to provide reliable and economical electricity to its members and facilitate regional transmission development, under which three transmission corridors are currently planned. SAPP aims to facilitate the development of a competitive electricity market in the South African Development Community (SADC) region consisting of 16 member countries. The Western corridor will supply electricity between the Democratic Republic of Congo, Angola, Namibia, South Africa, and Botswana. The Central corridor will supply between Zambia, Zimbabwe, South Africa, and Botswana, and finally, the Eastern corridor will supply electricity between Tanzania, Kenya, Mozambique, and South Africa.

The power sector is largely government controlled. The main regulator, the National Energy Regulator of South Africa (NERSA), functions Although power generation has been deregulated, allowing Independent Power Producers (IPP) to operate, the majority share of this market is held by Eskom Holdings Limited (Eskom), a government-owned utility. Transmission and Distribution (T&D) is also controlled by Eskom.

Key Sectors in the South Africa Power Market

The key sectors in the South Africa power market are the residential sector, commercial sector, industrial sector, transport sector, and others. In 2021, the industrial sector had the dominant share in the power consumption market followed by the residential sector and commercial sector.

South Africa Power Market Analysis by Sectors

South Africa Power Market Analysis by Sectors

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Key Market Players in the South Africa Power Market

Some of the key market players in the South Africa power market are Eskom Holdings SOC Ltd, Enel SpA, and Engie SA. South Africa’s power generation market was dominated by Eskom Holdings SOC Ltd in 2021.

South Africa Power Market Analysis by Market Players

South Africa Power Market Analysis by Market Players

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Market Report Overview

Market size (Year – 2021)  64.5 GW
Growth rate (CAGR)  >1%
Key sectors  Residential Sector, Commercial Sector, Industrial Sector, Transport Sector, and Others
Key market players  Eskom Holdings SOC Ltd, Enel SpA, and Engie SA

Scope 

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Key Players

Eskom Holdings SOC Ltd, Enel SPA and Engie SA

Table of Contents

| Table of Contents

1. Executive Summary

1.1 Renewables to overtake thermal power in terms of cumulative capacity by 2035

1.2 Grid interconnection with Southern African countries will enable supply security

2. Introduction

2.1 South Africa Power Market

2.2 GlobalData Report Guidance

3. South Africa Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. South Africa Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 South Africa Power Market, Demand Structure

Power Consumption by Sector, 2021

5. South Africa Power Market, Regulatory Scenario

5.1 Renewable Energy Market, Overview

5.2 Renewable Energy Targets

5.3 Hydrogen Energy

5.4 Renewable Energy Independent Power Producer Procurement Program (REIPPPP)

5.5 Integrated Energy Plan (IEP)

5.6 Integrated Resource Plan (IRP)

5.7 Government plans to unbundle Eskom

5.8 Vision, Strategic Direction, and Framework for Climate Policy

5.9 Local Content Requirement (LCR)

5.10 Tax incentives

Carbon Tax

South Africa Energy Efficiency Tax Deduction

Green Energy Efficiency Fund

Accelerated Depreciation Allowances

5.11 Green Fund

6. South Africa Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7. South Africa Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. South Africa Power Market, Major Generating Companies

8.1 Eskom Holdings SOC Ltd

Eskom Holdings SOC Ltd – Company Overview

Eskom Holdings SOC Ltd – Business Description

Eskom Holdings SOC Ltd – SWOT Analysis

Eskom Holdings SOC Ltd – Head Office

8.2 Engie SA

Engie SA – Company Overview

Engie SA – Business Description

Engie SA – SWOT Analysis

Engie SA – Head Office

8.3 Company Snapshot: Enel SpA

Enel SpA – Company Overview

Enel SpA – Business Description

Enel SpA – SWOT Analysis

Enel SpA – Head Office

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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List of Tables

| List of Tables

Table 1: Power Market, South Africa, Upcoming Interconnection Projects

Table 2: Power Market, South Africa, Macroeconomic Factors, 2010–2030

Table 3: Capacity Awarded, South Africa, 2011-2021

Table 4: Price Trend of Solar PV ($/kWh), REIPPPP, South Africa, 2011-2021

Table 5: Price Trend of Onshore Wind ($/kWh), REIPPPP, South Africa, 2011-2021

Table 6: South Africa, REIPPP LCR in Wind Power Projects, 2019

Table 7: Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Table 8: Power Market, South Africa, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 9: Thermal Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Table 10: Thermal Power Market, South Africa, Major Plants, 2021

Table 11: Hydropower Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Table 12: Hydropower Market, South Africa, Major Plants, 2021

Table 13: Nuclear Power Market, France, Cumulative Capacity and Annual Generation, 2010–2035

Table 14: Nuclear Power Market, South Africa, Major Plants, 2021

Table 15: Renewable Power Market, South Africa, Cumulative Capacity (GW), 2010–2035

Table 16: Renewable Power Market, South Africa, Annual Generation (TWh), 2010–2035

Table 17: Renewable Power Market, South Africa, Major Plants, 2021

Table 18: Power Market, South Africa, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 19: Power Market, South Africa, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 20: Power Market, South Africa, Annual Electricity Import and Export (TWh), 2000–2021

Table 21: Power Market, South Africa, Upcoming Interconnection Projects

Table 22: Abbreviations

List of Figures

| List of Figures

Figure 1: Power Market, South Africa, Capacity Share by Technology, 2010–2035

Figure 2: Power Market, South Africa, Country Summary

Figure 3: Power Market, South Africa, Macroeconomic Factors, 2010–2030

Figure 4: Power Market, South Africa, Market Structure

Figure 5: Power Market, South Africa, Market Share of Generation Companies (%), 2021

Figure 6: Power Market, South Africa, Deal Value and Number of Deals, 2010–2021

Figure 7: Power Market, South Africa, Deals by Type (%), 2021

Figure 8: Power Market, South Africa, Annual Power Consumption, 2010–2035

Figure 9: Power Market, South Africa, Power Consumption by Sector (%), 2021

Figure 10: Power Market, South Africa, Cumulative Capacity Share by Technology (%), 2021

Figure 11: Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Figure 12: Power Market, South Africa, Capacity Share by Technology, 2010–2035

Figure 13: Power Market, South Africa, Annual Generation Share by Technology, 2010–2035

Figure 14: Thermal Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Figure 15: Hydropower Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Nuclear Power Market, France, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Renewable Power Market, South Africa, Cumulative Capacity, 2010–2035

Figure 18: Renewable Power Market, South Africa, Annual Generation, 2010–2035

Figure 19: Power Market, South Africa, Annual Electricity Import and Export, 2000–2021

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