Nersa approves another trading licence in favour of Lyra Energy Trading


Lyra Energy is backed by STANLIB Asset Management and Scatec, which has solar (pictured) and battery assets in South Africa
The National Energy Regulator of South Africa (Nersa) has awarded an electricity trading licence to Lyra Energy Trading following a comprehensive process that included public hearings.
The licence was officially approved on July 30 and came against the backdrop of a legal challenge by Eskom of Nersa’s approval of six other trading licences in 2024.
Eskom argues that those licences should be reviewed and set aside, owing to the absence of market rules for traders, which the State-owned entity says are able to “cherry-pick” customers.
Lyra Energy head Eben de Vos said the award would enable the company to use South Africa’s regulated wheeling framework to buy bulk electricity from Lyra Energy’s generation assets and sell portions thereof to commercial and industrial users.
Lyra Energy Trading is the trading division of Lyra Energy, which was established last year with the backing of leading independent power producer Scatec and STANLIB Asset Management.
“Now with a licence, and access to energy generation assets, the company has firmly established itself as a player in the transition towards South Africa’s Wholesale Energy Market.
“Lyra will compete on price, duration, and allow flexibility to meet the changing energy needs of commercial and industrial users,” the company said in a statement.
It added that it will offer short-term, standardised power purchase agreements, which will provide a hedge against tariff volatility and support the decarbonisation objectives of its customers.
Lyra Energy expects to announce its first power supply agreement later in the year.
In late July, Enpower Trading, which has an uncontested domestic trading licence, announced that Nersa had awarded it an import/export trading licence. Again, despite Eskom also contesting the 2024 award of an import/export licence as part of its recently launched legal application.
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