Improving the electricity efficiency in South Africa through a benchmark-and-trade system

This theoretical system is then used into a calculative application, as a simplistic example, with 2006 being the base year. The results show that the majority of the economic sectors will benefit by participating in the system. Also, the system has the ability to decrease the electricity intensity of the country without affecting its economic output. The findings indicate that, compared to the implementation of a carbon tax, this system gives the participants' stronger incentives to change their behaviour.