This webinar took place on Wednesday 22 September 2021.
Electricity Regulations Act:
Implications of the Recent Amendments.
Recently, on the 12 August 2021, some significant amendments to the Electricity Regulation Act 4 of 2006 were published in the Government Gazette.
Of particularly importance to the sectional title industry, is the amendment that provides for a community scheme to operate its own power plant without registering with, and procuring a license through, the Energy Regulator.
This regulation basically means that a complex can feed excess electricity back into the grid and receive a rebate from the municipality.
What are the pros and cons of the new regulations, and is this a viable option for sectional title schemes?
In this webinar, we talked to Glen Van der Vyfer from Maxlite about the amendments, its practical implications and how to evaluate the various opportunities these amendments present.
Watch the recording
Thank you to our sponsors:
CIA
As one of SA’s largest Community Schemes insurance providers, CIA understands the unique and growing challenges faced by today’s Bodies Corporate, their trustees and managing agents. Our Community Living Insurance Policy has been designed to cover all types of residential, commercial and industrial community and sectional title schemes. www.cia.co.za
ZDFin
ZDFin is a specialist finance company providing smart solutions for community schemes. With a wealth of practical experience in property and financial management and an understanding of the challenges, their range of targeted financial products can be tailored to meet the specific needs of your scheme. www.zdfin.co.za
BCMTrac provides innovative scheme management software to community scheme managers. With a user-friendly dashboard, BMCTrac offers an accessible financial accounting application with comprehensive reporting capability and communications modules, streamlining our clients’ business and saving them time. BCMTrac – Financial accounting and communications, simplified. www.bcmtrac.co.za
MeetingPal
MeetingPal is a system specifically developed for the management of virtual meetings for Sectional Title Schemes and Homeowners Associations in full compliance of the STSM Act and adaptable per MOI. Owners can access the MeetingPal voting system as a mobile App or as a webpage making voting easy and convenient. www.meetingpal.co.za
Sectional Title Solutions is focused on providing value-add solutions to community schemes nationwide that reduce cost, generate revenue and increase property value. Solutions offered include innovative Funding and Treasury, Efficient Energy, Smart Technology, Legal Advisory and a host of other service solutions. Building sustainable relationships, helping our communities thrive. www.stsolutions.co.za