Financial Institutions (Protection of Funds) Act, 2001
R 385
Electricity Regulation Act, 2006 (Act No. 4 of 2006)Chapter VII : General Provisions34A. Establishment, duties, powers and functions of Transmission System Operator SOC Limited |
| (1) | Subject to section 35C(1), the Minister of Public Enterprises must establish a juristic person to be known as the ‘‘Transmission System Operator SOC Limited’’ in order to provide an open market platform that shall allow for competitive electricity trading. |
| (2) | The duties, powers and functions of the Transmission System Operator SOC Limited referred to in subsection (1) shall include the following: |
| (a) | To be a transmitter; |
| (b) | system operation; |
| (c) | to be a market operator; and |
| (d) | to be a central purchasing agency. |
[Section 34A inserted by section 28 and 31(e) of the Electricity Regulation Amendment Act, 2024, Notice No. 5139, GG51100, dated 20 August 2024 - effective 1 January 2025 per Proclamation Notice 236 of 18 December 2024 with exceptions]
