Electricity generated from renewable resources is commonly called Green Power. The generation of Green Power reduces the amount of carbon emissions associated with traditional electricity generation which has a host of benefits, environmentally as well as financially.
In addition to purchasing Green Power and reducing carbon emissions, depending on the tariff of the facility / premises, the buyer of power will receive a discount on the power supplied.
For each 1000 kWh (1MWh) of power generated a number is generated by an independent auditing body called the Issuing Body (“IB”) and recorded on a national database in the form of a certificate. These certificates “RECs” are then sold separately to the and traded in the voluntary market in South Africa or internationally. The Issuing Body in South Africa is zaRECs.
There are no capital costs incurred in the purchase of power from POWERX. Assuming a meter is required, POWERX will cover the cost of procurement and installation of such meter, subject to certain qualifying criteria. There are no other costs associated with purchasing power from POWERX.
Our customers are never cut off from the Eskom/Municipal supply. If the Wind does not blow, the Sun does not shine or the rivers run dry, and we cannot provide you with green and/or clean power you will still receive brown power form Eskom.
Meters very seldom read identically, the Embedded Generation Standard states that the meters must be Class 0.5, which means they have a variance of +-0.5% (for a max of 1%, if one meter is reading high and the other is reading low)
The licence current expiry is 2042. However, the validity of the licence extends to cover its longest Power Purchase Agreement
POWERX does not enter into any partnerships with Generators. Generators are strictly prohibited from claiming to be in partnership with POWERX. POWERX is merely the purchaser of power from the Generator and beyond these commercial parameters no further relationship exists.
Eskom or the relevant municipality always remain the supplier of last resort, so should POWERX be unable to supply power for whatever reason, the consumer will continue to receive power as normal from the grid with no interruption. However, in the event that the relevant transmission or distribution lines experience technical faults or are shut down due to load shedding, POWERX will not be able to supply power.
All Green Power sold by POWERX is verifiable via the associated RECs. Each Generator is registered with zeRECs and is independently verified. The relevant RECs allow for ease of verification of generation of the power, the origin of the power generated, and the resource utilized to generate the power