Browsing: Eskom

Eskom is concerned about its one notch downgrading by rating agency Standard & Poor’s, the power utility said on Wednesday. “Although Eskom’s credit rating remains investment grade, with the support of government, the recent downgrades by Moody’s and Standard & Poor’s are

Eskom’s application for new electricity increases should reflect its costs and be transparent, the Energy Intensive Users’ Group (EIUG) said on Monday. “Currently, tension exists with affordability of electricity to customers at one end, and the need for cost-reflective pricing that supports a viable

How would you like Eskom to replace the lights in your home with expensive but energy-saving light emitting diode (LED) alternatives? The electricity utility is planning to do exactly that and it’s promising to do it at no cost to you. The move – Eskom is planning to kick off the programme within a matter of weeks – forms

SA is waiting anxiously to hear what Eskom’s latest round of tariff hikes will be. But besides the tariff increases to pay for its current construction programme – the building of the Medupi, Kusile and Ingula power stations – the big question is how it is going to fund new generation capacity after that. The country’s

Most South Africans are oblivious to the fact that we are in the worst grip of a crisis that has major negative implications for every one of us both now and in the future. People are ignorant of the electricity crisis because “the lights are still on”. But the lights will not stay on. Eskom’s daily message to us all is to use less electricity

Eskom’s application for tariff increases was ready to be submitted, before government asked it to look at additional factors, the parastatal said on Wednesday. “We were ready, it was 100% in line with regulation. We engaged since February with hundreds and hundreds of stakeholders,” Eskom finance director Paul O’ Flaherty said

Copper theft increased in the month of July, from R17,9m to R19,7m, the SA Chamber of Commerce and Industry (Sacci) copper theft barometer indicated on Wednesday. This was the first monthly increase in the series since the recent spike of R34,7m in March, Sacci said

Revelations that electricity from Eskom’s Medupi power station could come in at an estimated 97c/kWh suggest SA could have got better value from renewable technologies such as wind. The power utility told parliamentarians that finance charges on its new power stations would be an estimated R25bn for Medupi in Limpopo

Eskom is mulling the wisdom of demanding tariff increases that will make the electricity price fully cost-reflective in five years, the utility said on Tuesday. “That is what we in Eskom are discussing at the moment,” finance chief Paul O’Flaherty said on the sidelines of a briefing to parliament’s portfolio committee on

The national energy regulator confirmed on Wednesday that it aims to heed Eskom’s call to have South Africans pay cost reflective electricity prices by 2018. Nersa’s Thembani Bukula said the regulator would receive Eskom’s medium term tariff application, called MYPD3, by the end of the month, and then hold consultations