Ekurhuleni won ministerial approval this month to buy 2.4GW of electricity from independent power producers.
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Sites, grid connections and power-purchase agreements are in place for 180MW, but nothing is generating yet.
R46.2-billion of prepaid electricity moved through the group in the year to May, up 4%. The commission it earned fell 13%.
Blu Label wants to help municipalities find billions in lost electricity revenue – and keep a cut of the monies recovered.
Blue Label Telecoms on Wednesday provided more insight into a fraud scheme it uncovered last year that led to the suspension of two senior executives.