Government plans to reward companies that voluntarily conserve energy. The Energy Department says plans to offer tax incentives to energy efficient companies are at an advanced stage.
The Department met companies that have already pledged to cut their energy use last night. Government has lauded companies that have volunteered to reduce their energy use without any form of regulation forcing them to do so.
More than 50 companies and organisations have signed up to the national energy efficient campaign. Government is now finalising a plan to offer tax allowances to promote energy savings.
The national business initiative launched the energy efficient leadership network at the COP 17 meeting in Durban last December. It says it's now ready to roll out an action plan.
Business body, Business Unity South Africa, says the benefits of energy management systems far outweigh the cost of implementing them”.
Eskom has welcomed the initiative and says it will complement its 49 million campaign, which largely targets household users to reduce their energy use.
Eskom says the country's power system has had no supply interruptions since the 2008 blackouts. Up to now the power utility and its customers have saved almost 3 thousand megawatts of electricity since 2005. It says savings from remaining businesses and households will guarantee a stable power system and reduce the country's carbon footprint.