Lyra Energy Trading, the trading arm of South Africa-based integrated electricity aggregator Lyra Energy, has received its electricity trading licence from the National Energy Regulator of South Africa (NERSA)
The licence was officially approved on 30 July 2025, following a thorough process that included public hearings and full regulatory compliance.
This development represents a key advancement in Lyra Energy's strategy to deliver clean, affordable power to South Africa’s commercial and industrial markets. With the trading licence in place and access to generation assets secured, Lyra Energy is now positioned as a competitive force in the country’s evolving Wholesale Energy Market. The company aims to offer pricing and contract flexibility to meet the shifting demands of commercial and industrial energy consumers.
Lyra Energy’s trading model includes short-term, standardised power purchase agreements that help mitigate tariff volatility. These agreements also contribute to customers' decarbonisation goals and facilitate the acquisition of green energy credentials.
“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,” remarked 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.”
Supported by major industry partners
Established in 2024, Lyra Energy is supported by a strategic collaboration led by Scatec and STANLIB Asset Management. Scatec is a leading renewable energy solutions provider, while STANLIB is one of South Africa’s largest asset managers, known for its specialised infrastructure investment team.
Scatec brings to the partnership a broad pipeline of solar, wind, and hybrid projects under development across South Africa and neighbouring regions. The company’s strong track record in delivering and operating energy assets in liberalised markets adds significant operational strength to the initiative.
Meanwhile, the STANLIB Infrastructure Investment team contributes deep infrastructure knowledge and financial mobilisation capabilities, particularly from long-term capital sources such as retirement funds, to accelerate the 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 is expected to unveil its first commercial power supply agreement before the end of 2025.
Lyra Energy secures key licence to trade clean power in SA
NERSA approves Lyra Energy Trading’s licence, enabling renewable power access for South Africa’s commercial and industrial users. (Image source: Lyra Energy)
