South Africa Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape

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South Africa Power Market Report Overview

The annual power consumption in South Africa was 174.9TWh in 2022. It is expected to record a CAGR growth of more than 1% during 2022-2035. The growth is attributed to developments in the industrial and residential sectors. South Africa is facing one of its worst electricity crises in the country’s history. The government has been pressurized to take quick steps to salvage the situation with protests across the country. In 2021, South Africa secured the ‘Just Energy Transition (JET) Partnership’ at the Glasgow COP26 summit. The UK, US, along with France, Germany, the EU have pledged $8.5 billion to support South Africa’s transition toward decarbonization, shifting from thermal power towards renewables.

South Africa Power Market Outlook (2022-2035)

South Africa Power Market Outlook (2022-2035)

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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. An analysis of the deals in the country’s power sector is also included in the report.

Total Power Consumption (2022) 174.9TWh
CAGR (2022-2035) >1%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Sector ·        Industrial Sector

·        Residential Sector

·        Commercial Sector

·        Transport Sector

Key Deal Types ·        Asset Transactions

·        Acquisition

·        Partnerships

·        Debt Offerings

·        Private Equity

·        Venture Financing

Key Companies ·        Eskom Holdings SOC Ltd

·        Enel SpA

·        Engie SA

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South Africa Power Market by Sectors

Key Sectors in the South Africa Power Market

The industrial sector had the dominant share in power consumption in 2022

The key sectors in the South Africa power market are the residential sector, industrial sector, transport sector, commercial sector, and other sectors. In 2022, the industrial sector accounted for the dominant share of power consumption in the South Africa power market, followed by the residential sector and the commercial sector.

South Africa Power Consumption Market Analysis by Sectors, 2022 (%)

South Africa Power Consumption Market Analysis by Sectors, 2022 (%)

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South Africa Power Market Segmentation by Deal Types

Most of the deals in the South Africa power market were asset transactions in 2022

The key deal types recorded in the South Africa power market in 2022 are partnerships, debt offerings, acquisitions, asset transactions, and others. A total of 43 deals were executed in the South Africa power market during 2022. Asset transactions had the highest market share in South Africa’s power market in 2022, followed by acquisitions and partnerships, based on deal types.

South Africa Power Market Analysis by Deal Types, 2022 (%)

South Africa Power Market Analysis by Deal Types, 2022 (%)

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South Africa Power Market – Competitive Landscape

In 2022, South Africa’s power generation market was dominated by Eskom Holdings SOC Ltd

The key companies in the South Africa power market include:

  • Eskom Holdings SOC Ltd
  • Enel SpA
  • Engie SA

Eskom Holdings SOC Ltd: Eskom Holdings SOC Ltd (Eskom) is a state-owned power utility that generates, transmits, and distributes electricity to various regions. It generates electricity from gas-fired plants, coal-fired stations, hydro and pumped storage power plants, and nuclear power plants, among others. The company supplies electricity to residential, industrial, mining, commercial, and agricultural customers, and to municipalities and metros for redistribution to households and businesses. The company maintains a network of transmission power lines and underground cables. It procures electricity and sells in countries of the Southern African Development Community (SADC). The company’s subsidiary Eskom Rotek Industries conducts repairs on transformers and turbines in addition to offering specialised building and transport services. The company has operations in Uganda and South Africa. Eskom is headquartered in Sandton, South Africa.

South Africa Power Generation Market Analysis by Companies, 2022 (%)

South Africa Power Generation Market Analysis by Companies, 2022 (%)

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Latest Developments

  • In March 2023, Engie SA partnered with SANEF and CEVA Logistics for launching the European Clean Transport Network Alliance (ECTN Alliance). The alliance will build and operate a network of truck terminals with low-carbon energy solutions for transporting merchandise across Europe.
  • In February 2023, Enel X Romania and CTP announced the installation of a 1.5 MW photovoltaic (PV) power station at the CTPark Bucharest industrial park in western Bucharest. The plant will be developed by Enel X Romania, the Enel Group’s global business line offering services to accelerate innovation and drive the energy transition.

Segments Covered in the Report

South Africa Power Type Industry Outlook (Value, 2010-2035)

  • Residential Sector
  • Industrial Sector
  • Transport Sector
  • Other Sector
  • Commercial Sector

South Africa Power Market Deal Type Outlook (Value, 2010-2035)

  • Asset Transactions
  • Partnerships
  • Debt Offerings
  • Acquisition
  • Venture Financing
  • Equity Offerings
  • Private Equity

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and exports scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 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, 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 market opportunities and business plan strategies through our comprehensive analysis of investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Optimize strategic decision-making through our historical and forecast data.
  • Create accurate data governance by understanding the latest regulatory events.
  • Understand the maximum advantage of the industry’s growth potential.
  • Identify key strengths and weaknesses of important market participants.
  • Respond to your competitors’ business structure, strategy, and prospects.

Table of Contents

Table of Contents

1 Executive Summary

1.1 Load shedding at its peak affecting daily lives of South Africans

1.2 Renewable power capacity to overtake thermal power capacity by

2035.

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

4 South Africa Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2022

Deals by Type, 2022

4.4 South Africa Power Market, Demand Structure

Power Consumption by Sector, 2022

5 South Africa Power Market, Regulatory Scenario

5.1 Thermal Power Policy

Integrated resource plan (IRP)

The Gas Master Plan

5.2 Nuclear Power Policy

5.3 Renewable Energy Market, Overview

5.4 Policy Snapshot

5.5 Renewable Energy Targets

5.6 Hydrogen Energy

Hydrogen Society Roadmap

5.7 Renewable Energy Independent Power Producer Procurement Program (REIPPPP)

5.8 Integrated Energy Plan (IEP)

5.9 Integrated Resource Plan (IRP)

5.10 Net Metering

5.11 Rooftop PV Feed-in Tariff

5.12 Local Content Requirement (LCR)

5.13 Tax incentives

Carbon Tax

Accelerated Depreciation Allowances

5.14 Green Fund

6 South Africa Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2022

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 Grid Interconnection

7.4 Electricity Import and Export

8 South Africa Power Market, Major Generating Companies

8.1 Eskom Holdings SOC Ltd

Company Overview

Business Description

SWOT Overview

8.2 Engie SA

Company Overview

Business Description

SWOT Overview

8.3 Enel SPA

Company Overview

Business Description

SWOT Overview

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

About GlobalData

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Table

List of Tables

Table 1: Power Market, South Africa, Macroeconomic Factors, 2010–2030

Table 2: Policy Snapshot, South Africa, 2022

Table 3: Capacity Awarded, South Africa, 2011-2022

Table 4: Price Trend of Solar PV ($/kWh), REIPPPP, South Africa, 2011-2022

Table 5: Price Trend of Onshore Wind ($/kWh), REIPPPP, South Africa, 2011-2022

Table 6: Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

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

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

Table 9: Thermal Power Market, South Africa, Major Plants, 2022

Table 10: Hydropower Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Hydropower Market, South Africa, Major Plants, 2022

Table 12: Nuclear Power Market, South Africa, Cumulative Capacity and Annual Generation, 2010–2035

Table 13: Nuclear Power Market, South Africa, Major Plants, 2022

Table 14: Renewable Power Market, South Africa, Cumulative Capacity (GW), 2010–2035

Table 15: Renewable Power Market, South Africa, Annual Generation (TWh), 2010–2035

Table 16: Renewable Power Market, South Africa, Major Plants, 2022

Table 17: Power Market, South Africa, Transmission Line Length (Ckm) by Voltage Level, 2010–2027

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

Table 19: Power Market, South Africa, Upcoming Interconnection Projects

Table 20: Power Market, South Africa, Annual Electricity Import and Export (TWh), 2000–2022

Table 21: Abbreviations

Figures

List of Figures

Figure 1: Renewable Power Market, South Africa, Cumulative Capacity, 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 (%), 2022

Figure 6: Power Market, South Africa, Deal Value and Number of Deals, 2010–2022

Figure 7: Power Market, South Africa, Deals by Type (%), 2022

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

Figure 9: Power Market, South Africa, Power Consumption by Sector (%), 2022

Figure 10: Power Market, South Africa, Cumulative Capacity Share by Technology (%), 2022

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, South Africa, 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, 2000–2022

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