Eskom's request for a 16% tariff increase from the National Energy Regulator of SA (Nersa) was a necessity, said Public Enterprises Minister Malusi Gigaba on Tuesday. Addressing a New Age / SABC breakfast briefing, Gigaba said although the power parastatal wished it could have kept its request to a single-digit figure, the double-digit tariff hike request was necessitated by the tough conditions prevailing in the economy. "The economic situation is biting, but we must balance that with … [Read more...] about Eskom tariff request a necessity
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Eskom asks for 16% tariff increase
Power parastatal Eskom has asked the National Energy Regulator of SA (Nersa) for a total 16% tariff increase over the next five years. The utility is asking the regulator for 13% for each of the five years for its own needs, plus 3% to support the introduction of Independent Power Producers (IPPs). The current Multi-Year Price Determination, MYPD 2, comes to an end in March 2013. Additionally, the power parastatal is proposing that there be a five-year determination for MYPD 3, running … [Read more...] about Eskom asks for 16% tariff increase
Don’t switch that air-conditioner on just yet
South Africa's electricity supply is expected to remain tight in summer as Eskom - which will soon submit its next tariff application to the energy regulator - moves to do more maintenance on its plants. "We have kept the lights on and we intend to do so in the summer months," Eskom chief executive officer Brian Dames said on Friday at a briefing on the state of the power system. The utility does more maintenance work in the summer season due to lower demand for electricity. "Summer … [Read more...] about Don’t switch that air-conditioner on just yet
Consumers warned to use power wisely during Cold Snap
Today Eskom warned that the power system would be tight as a result of the icy weather conditions and called on consumers to use electricity prudently. "Eskom has revised up its forecast for this evening’s peak demand by about 500 MW, with snow and severe cold driving up demand across the country. "The revised peak demand for this evening is estimated at 35 648 MW, while available capacity (including the open cycle gas turbines) is expected to be 37 398 MW. "The power system will be … [Read more...] about Consumers warned to use power wisely during Cold Snap
Proposed Business Carbon Tax Could be Controversial
A proposed carbon tax to be levied by the South African government could become as great a debacle as e-tolling, automotive roleplayers in the city heard at an Energy Seminar hosted by the Automotive industry Development Centre in Nelson Mandela Bay on Thursday 10 May. Izak Swart, an Associate Director at Deloitte warned the automotive sector to monitor policy – with a policy paper due for release next month which "could have a profound impact on business." According to the proposed policy … [Read more...] about Proposed Business Carbon Tax Could be Controversial
Business Welcomes Reduced Eskom Tariff Increase
Nelson Mandela Bay Business Chamber CEO Kevin Hustler said; "The Nelson Mandela Bay Business Chamber welcomes the news that NERSA has approved a reduced Eskom tariff increase of 16% for this year. The increase had previously been approved at 25.9% for the 2012/13 financial year, and the reduction represents a significant relief of the burden on business and consumers. It is also a very welcome indication that government is listening to the voice of business on this issue, which has a major … [Read more...] about Business Welcomes Reduced Eskom Tariff Increase
Remember 2008? Turn that unused appliance, pump, geyser and TV off now!
Power utility Eskom has continued to call on South Africans and the corporate world to make a 10% savings on electricity. "Given the tightness of the system we understand that Eskom cannot reach energy savings working alone... it must include others," Public Enterprises Minister Malusi Gigaba said on Monday. Gigaba said while the role played by companies in heeding the call to save power was appreciated, the situation "we're in requires that we change the way we use energy". Gigaba … [Read more...] about Remember 2008? Turn that unused appliance, pump, geyser and TV off now!
And in News That you Don’t Want to Hear but Expected to – Eskom warns of rolling power cuts
South Africans have been urged to use electricity sparingly and switch off all non-essential appliances as Eskom warns of possible electricity load-shedding that could last until March. While the power utility had not confirmed reports of imminent power outages, it did indicate on its website that there was a risk of power cuts. "Summer is the season to do power station maintenance. The risk of power outages is high and we are asking all South Africans to switch off all non-essential … [Read more...] about And in News That you Don’t Want to Hear but Expected to – Eskom warns of rolling power cuts
Eskom Records R12.8 Billion in Profit
Eskom reported strong financial results with a net profit of R12.8 billion in the six months ended in September compared to last year's R9.5 billion. "The results for the six months to end September 2011 reflect increased net profit of R12.8 billion (which was R9.5 billion 2010), on revenue which increased to R63.9 billion (from R51.1 billion previously)," the power utility announced on Wednesday. The growth in revenue was mainly due to higher electricity tariffs reflecting a 25.8% … [Read more...] about Eskom Records R12.8 Billion in Profit
Eskom’s Kusile Power Plant Loan Approved
The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) voted on 26 May to approve an $805.6 million direct loan to South Africa's state-owned electric power utility, Eskom, Limited. This brings Ex-Im Bank's current fiscal year financing in sub-Saharan Africa to nearly $1.5 billion, nearly double the previous one year record of $812 million set during the fiscal year ending last September 30th. "Ex-Im Bank financing of U.S. export sales to sub-Saharan Africa … [Read more...] about Eskom’s Kusile Power Plant Loan Approved
Congrats You Little Earth Hour Power Saving Devils You
Enough electricity to power the City of Mangaung was conserved at the weekend's energy conservation initiative, Earth Hour, Eskom said on Tuesday. South Africans who switched off their electricity between 8.30pm and 9.30pm on Saturday saved 350 MW of power. In 2010, Eskom measured an estimated electricity reduction of approximately 420MW. Earth Hour calls on individuals, business, governments and communities to turn off their lights in support for environmentally sustainable action. … [Read more...] about Congrats You Little Earth Hour Power Saving Devils You
Duvha Power Station – an Exercise in Incredulity
An e-mail is doing the rounds showing the damage (some would call it 'destruction') to Unit 4 of Eskom's Duvha Power Station. Duvha is located approximately 15 kilometres east of Witbank in Mpumulanga. Construction of the Duvha Power Station commenced in November 1975 and final commissioning took place in 1984. Duvha cost R1.6 billion to build, its chimneys the largest freestanding concrete structures in Africa and its mine the largest open-cast colliery in the Southern Hemisphere. Duvha's … [Read more...] about Duvha Power Station – an Exercise in Incredulity
Call for Energy Reform
South Africa's electricity distribution infrastructure is in need of a major shake-up if the country is to meet its economic growth targets, says Deputy Minister of Energy Barbara Thompson. "The electricity distribution infrastructure requires urgent reform to support the South African growth targets," Thompson told a two-day Energy Indaba in Sandton. According to statistics, South Africa faces a backlog of infrastructure worth R2.5 billion a year. "As we speak, our backlog figure is more … [Read more...] about Call for Energy Reform
I’m Gonna Give you 40 Days
South African stockpiles to keep the lights on are at an average of over 40 days, says power parastatal Eskom. "Current coal stockpiles are at an average of more than 40 days and approximately 95 percent of Eskom's requirements to 2018 have been contracted or committed," the parastatal's Chief Commercial Officer, Dan Marokane, said on Wednesday. Marokane, who was speaking at a coal conference in Cape Town, said rail volumes have been increased and that quality management practices and … [Read more...] about I’m Gonna Give you 40 Days
Eskom’s 1.72 Billion Bond Oversubscribed
Public Enterprises Minister Malusi Gigaba says Eskom's bond oversubscription is a sign of investor confidence in South Africa. "The oversubscription on the bond issuance demonstrates international investors' confidence in Eskom and the South African government," said the minister. The oversubscription, said Eskom, follows a roadshow conducted by the parastatal in the US, UK and Europe. Eskom said the $1.75 billion bond was more than two and a half times oversubscribed. It's a 10-year … [Read more...] about Eskom’s 1.72 Billion Bond Oversubscribed
