Johannesburg — RAND Merchant Bank (RMB), a division of FirstRand Bank, has proposed the establishment of a power market listed on the JSE, aimed at solving the impasse over electricity tariff hikes.
Its innovative proposal calls for a transparent listed power market and a two-tiered pricing structure. RMB commodities trader Bevan Jones said on Friday that large industrial users would, under the proposed structure, have their electricity price linked to coal, while domestic households would benefit from Eskom's fixed-price coal contracts.
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