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Cash for spare power!

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Info for Residential electricity customers (From COCT)

Available later in 2023, in addition to the existing credit offset against monthly account.

  • PV system and inverter required.
  • Installers must apply to us to authorise the system for grid connection.
  • We do not charge an authorisation fee.
  • Authorised customers need to install a specialised Advanced Metering Infrastructure meter – cost is approximately R12 850. (We are investigating how to lower the costs for households).
  • A monthly Advance Metering Infrastructure administration fee will apply.
  • If you are not on the Home User tariff, you will be moved to it.
  • There is no new cash for power levy.
  • Credit roll-out later in 2023. We will measure the amount of energy fed into our grid.
  • The credit will be reflected on the monthly municipal account.
  • Residential customers will be credited with 78,98c p/kWh (2022/23) plus 25c p/kWh incentive for each kWh fed into the City grid.
  • Credit offset against total monthly municipal account, and all accounts linked to the same business partner number.
  • If some credit remains after the offset, we will pay this to the customer.
  • Payments will only be made on amounts over R1 000. Amounts less than R1 000 will be held back until the total exceeds R1 000, and will then be paid once per year.

How much can be sold by a residential customer?

The amount of energy that you can produce is limited by the size of your system, which is limited by the size of your connection to our grid.

More details: https://bit.ly/3xo2kqJ

 

It differs somewhat for Commercial customers:

  • Available now, in addition to the existing credit offset against monthly account
  • PV system and inverter required. Find out more.
  • Installers must apply to us to authorise the system for grid connection. Find out more.
  • We do not charge an authorisation fee.
  • Authorised customers will be placed on the applicable Non-residential Small Scale Embedded Generation tariff. Meter changes are required, where applicable.
  • An additional Advanced Metering Infrastructure administration fee may also apply. The cost will be quoted as part of the authorisation process, where applicable.
  • Credit roll-out is immediate. We will measure the amount of energy fed into our grid. The credit will reflect on the monthly municipal account.
  • Commercial customers will be credited with 73,87c p/kWh (2022/23) plus 25c p/kWh incentive for each kWh fed into the City grid. There is also a little used commercial tariff of 60,91c p/kWh for those wishing to account for the green account.
  • Credit offset against monthly electricity account.
  • If credit remains after the offset, we will pay this. Payments will only be made on amounts over R5 000, and on a monthly basis. Amounts less than R5 000 will be held back until the total exceeds R5 000, and will then be paid.
  • How much can be sold by a commercial customer?The amount of energy you can produce is limited by the size of your system, which is limited by the size of your connection to our grid.