Lyra Energy Trading has been awarded its electricity trading licence by the National Energy Regulator of South Africa (NERSA). Lyra Energy Trading is the trading division of Lyra Energy, a South African integrated electricity aggregator, enabling access to utility-scale renewable energy generation. This approval was granted on 30 July 2025, after a comprehensive due process, including public hearing and compliance with all requirements.
The award marks a significant milestone in Lyra’s mission, now being able to serve South Africa’s commercial and industrial sectors with to clean and affordable energy. Now with a licence, and access to energy generation assets, the company has firmly established itself as a player in the transition towards South Africa’s Wholesale Energy Market. Lyra will compete on price, duration, and allow flexibility to meet the changing energy needs of commercial and industrial users.
Lyra’s structure offers short-term, standardised, power purchase agreements – that hedge against tariff volatility, while supporting decarbonisation objectives and the procurement of green energy attributes.
“We’re proud to be awarded our electricity trading licensed by NERSA, whose role in the transition to the South African Wholesale Energy Market cannot be overstated,” says Eben de Vos, Head of Lyra Energy. “This award enabling us to use the regulated wheeling framework to buy bulk electricity from Lyra Energy’s generation assets and sell portions thereof to commercial and industrial users.”
Backed by Leading Renewable Energy Partners
Launched in 2024, Lyra Energy is powered by a strategic partnership led by Scatec, a leading renewable energy solutions provider, and STANLIB Asset Management, one of South Africa’s largest asset managers with a dedicated infrastructure investment team. Together, the partners bring technical, operational, and financial scale to South Africa’s rapidly evolving energy sector.
- Scatec contributes a large pipeline of solar, wind, and hybrid energy assets under development in South Africa and the region. This is backed by a solid track record in project delivery, operations and experience gained from implementing and operating generation assets in liberalised energy markets.
- The STANLIB Infrastructure Investment team brings deep expertise in South African infrastructure, strategically mobilising long-term capital, particularly from retirement funds, to accelerate the country’s energy transition.
“Having Lyra Energy as a licensed electricity trader enables the combination of Scatec’s proven development and generation capabilities with STANLIB’s investment leadership to offer a credible utility-scale solution that’s responsive to the energy demands of business.”
Lyra Energy expects to announce its first power supply agreement later in 2025.
NOTES:
Facts and timeline:
- Public Hearing, 28 May 2025.
- Trading Licence approved by NERSA, 30 July 2025.