Africa
With a power score of 2.33, South Africa ranks number 15 among Emerging Markets and number 4 in the Africa region
Power score
2.33/5
Score over time
2021 - 2024
South Africa has a power score of 2.33, which puts it at rank 15 in the Emerging Markets power ranking. In comparison to 2023, South Africa has improved in the power rankings by 1 place, from rank 16, to rank 15.
At 2.33, the power score of South Africa is better than than the regional average of 1.8 in the Africa region and puts it at rank 4 in the region.
South Africa implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Import tax incentives, VAT incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in South Africa has dropped from 99.94 USD/MWh in 2022 to 89.74 USD/MWh in 2023. Since 2017, the average electricity price in South Africa has fluctuated between 73.99 USD/MWh (2017) and 101.25 USD/MWh (2021).
The top amount of capacity installed in South Africa in 2023 was in Coal at 69.8%, down from 72.9% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - residential at 3.28%, up from 0.6% in 2022.
The top amount of electricity generated in South Africa in 2023 was in Coal at 83.71%, down from 85.22% in 2022. The technology with the biggest increase in electricity generated in 2023 was Oil & Diesel at 3.6%, up from 2.53% in 2022.
Investment in clean energy in South Africa was around $2,381.35 million in 2023, an increase of 59.43% from 2022 ($1,493.63 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $3,987.26 million, while the lowest was in 2021 with $507.82 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.