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UK funds R6.4-million for study on South Africa’s electricity market reform

# The United Kingdom has committed 6.4-million-rand to support a study by the Energy Council of South Africa on reforms needed to implement a wholesale electricity market. Announced during UK climate envoy Rachel Kyte’s visit to Cape Town, the study includes tariff modeling, legal assessments, and financial risk evaluations. The funding aligns with South Africa’s Just Energy Transition Partnership, despite the US withdrawing its 27-billion-rand pledge. The UK government says it remains committed to supporting energy liberalisation and emissions reductions.