Eskom's high tariff demands risk pricing itself out of market - SABC News - Breaking news, special

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 84 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Eskom's high tariff demands on NERSA could lead to it pricing itself out of the market, says analyst

He predicts that emerging power technologies will eventually replace the state-owned company. Kgadima also points out that this factor contributes to the persistence of load shedding.

His comment comes as a Bloemfontein-based Electronics Technologist in the Free State has invented various power solutions.“We’ve seen of late, recently, that Eskom has lost well over 7 000 megawatts of demand, that ordinarily would have been met by Eskom, which currently has gone off the grid. That is compromised mainly of solar power more than the other technologies, which will be, that are costly such as using diesel to generate backup power, during the time of load shedding.

Kgadima further explains. “But as more and more and I project that by March 2024, at least 12 000 megawatts of electricity demand which ordinarily would have been met by Eskom, would have migrated off grid. So, that shows that indeed there are technologies that are now being deployed which are so advanced to actually offer electricity reliably, at the lowest cost possible.”

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website.

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tshwane, Ekurhuleni owe Eskom R4.7 billion - SABC News - Breaking news, special reports, world, business,Eskom says Tshwane owes it R3.2 billion and Ekurhuleni about R1.5 billion in electricity areas.
Source: SABC News Online - 🏆 32. / 51 Read more »

Block, two co-accused back in court - SABC News - Breaking news, special reports, world, business, sportFormer Northern Cape Public Works MEC John Block and two co-accused to appear in court today.
Source: SABC News Online - 🏆 32. / 51 Read more »