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A day after the gazette was published, Godongwana defended the exemption and said it aimed to avoid the risk of a “possible negative outlook on Eskom’s corporate rating and credit assessment with the credit rating agencies”.
Botswana also gets power from other Southern African countries such as Zambia through Eskom’s transmission network.
Source: https://mg.co.za/thoughtleader/opinion/2023-05-11-eskoms-woes-continue-to-pile-up/
Eberhard tracked Eskom’s average annual tariff hikes from the 2007/9 financial year to 2021/22 and compared them to inflation over the same period.
Source: https://mybroadband.co.za/news/energy/485175-south-africas-electricity-price-nightmare.html
“Eskom is experiencing very high levels of plant unreliability and forced outages currently,” said Thomas Conradie, Eskom’s power station general manager.
Eskom’s 14 coal plants regularly break down, exacerbating rotational power cuts of as long as 12 hours a day that are crimping economic growth.
Source: https://mybroadband.co.za/news/energy/482865-bad-news-for-eskoms-broken-coal-power-plants.html
Eskom’s debt, however, remains taxpayers’ problem and the ANC government’s cancellation of outstanding debt, as part of a populist election campaign, will put the already overtaxed middle class under even more pressure.
Eskom’s De Ruyter calls for phasing out of coal.
Source: https://mg.co.za/environment/2023-02-06-de-ruyter-coal-is-not-king-phase-it-out-for-renewables/
Eskom’s EAF has been declining for years because of poor maintenance at power stations and increased breakdowns.
Source: https://mybroadband.co.za/news/investing/483365-eskoms-load-shedding-turnaround-plan-is-failing.html
Eskom’s former general manager of system operations, Robbie van Heerden, said South Africa would most likely go to stage 8 during winter.
Source: https://mybroadband.co.za/news/investing/483507-stage-8-load-shedding-warnings.html
Eskom’s operational viability also hinges on stopping further accumulation of municipal arrears to Eskom and making the electricity tariff setting mechanism fully cost reflective.
He highlighted that Eskom’s coal fleet’s EAF dropped to below 40% in January, February, and April, which means it is a distinct possibility in winter.
He said that the load-shedding situation would worsen if Eskom’s performance doesn’t improve, resulting in higher stages during winter as demand increases.
In other news, S&P Global Ratings put Eskom’s debt assessment on positive watch, meaning it could upgrade it.
Source: https://mg.co.za/environment/2023-03-17-some-light-at-the-end-of-eskoms-tunnel/
Kgadima said, “Eskom’s exorbitant and extortionist electricity tariffs and inordinately long stages of load-shedding forced businesses and industries and domestic electricity consumers to urgently seek off-grid alternatives.”
Source: https://mg.co.za/news/2023-07-13-eskom-fears-revenue-dip-as-appetite-for-solar-pv-grows/
“Lethabo, Marimba and Medupi have been experiencing continued good performance and remain among Eskom’s three best performing stations.”
Outgoing chief executive André de Ruyter reiterated Eskom’s aim to add 1 862 megawatts to the power grid by the end of next month.
Several South African insurers — including the state-owned Sasria that covers special risks like riots, strikes, and terrorism — are excluding damages related to the possible failure of Eskom’s national grid.
The bidders have collectively invested about R100 million in these projects, just to be left out due to a lack of connection capacity in Eskom’s transmission grid in the Northern, Eastern and Western Cape.
Source: https://www.citizen.co.za/business/time-running-salvage-23-rejected-wind-energy-projects/
The department however admitted to actively prospecting and engaging diesel suppliers to expand Eskom’s supplier pool.
Source: https://www.citizen.co.za/news/eskom-billions-wasted-diesel-purchase/
The exemption was made “after due consideration of the risk of a possible negative outlook on Eskom’s corporate rating and credit assessment with the credit rating agencies,” Godongwana wrote.