The development of the Market Code is an integral part of the new electricity supply industry. These rules will inevitably shape South Africa’s future. Therefore, be a part of this development and shape your future.

• The Market Code provides the guidelines for buying and selling electricity between generators, retailers, and traders. It supports the short-term delivery and use of electricity, while ensuring medium- and long-term security of supply.

• It also sets out the trading and settlement rules and procedures for participation in the competitive electricity market of South Africa including the required supporting functions and regulations.
• It is a condition of the expected Market Operator Licence (once the ERA amendment bill is passed) that the Market Operator shall enter into and at all times administer and maintain a Market Code and rules which: 
  1. sets out the terms of the trading and settlement arrangements for the sale and purchase of wholesale electricity in the South African Wholesale Electricity Market (SAWEM);
  2. includes procedures for making changes to the Market Code, ensuring that any major modifications follow a transparent governance process. This allows participants and stakeholders to propose and comment on changes.