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The City of Cape Town issues an RFI for energy trading solutions

The City of Cape Town has issued an RFI for energy trading solutions, including market operation, and underwriting services, energy aggregation services and other services related to energy trading platforms in its response to ending load shedding over time. Cape Town is the first metro in SA to embark on this initiative.

The City has plans to procure approximately 1 000 MW in total over the long-term. This includes 200MW procurement of embedded renewable energy via Independent Power Producers and the 500 MW Dispatchable Energy tender, which includes renewables, battery storage and gas to power aspects. The City also has a demand response tender that was issued in the energy aggregator field called the Power Heroes programme. This forms part of its plans to protect Cape Town from up to four stages of Eskom load-shedding over time,” comments the City’s Mayoral Committee Member for Energy, Councillor Beverley van Reenen.

This latest RFI seeks to test the market for innovative energy trading related services and models that can accommodate the peculiarities of local government procurement to bring on much needed additional electricity to our grid. To meet this growing challenge facing our country we will need to be innovative and think outside the box and the City intends to explore all alternatives and options, particularly ones that can provide the most benefit in the short term. This is yet another exciting step in Cape Town’s new energy journey and we call on all potential partners to join us on this journey.”

This RFI is open to all players in the energy industry, however, the City particularly encourages responses from energy trading platforms, market operators or energy aggregators.

Interested parties are invited to access the RFI on the City’s tender portal and to submit a response by Wednesday, the 19th of April 2023.