The post Fin24 Speaks Live | Eskom CEO André de Ruyter on his first six months at the power utility appeared first on EMC.
City Power has warned that it may be forced to cut electricity to certain areas of Johannesburg for six hours per day due to the proliferation of illegal connections placing strain on its infrastructure as winter demand spikes.
Load rotation takes place when the utility stops providing electricity to an area as a preventative measure to shield its equipment from being overloaded and damaged. This is caused by heightened winter demand, together with the growth in illegal connections.
To all COJ Clients,
Mayor Herman Mashaba has introduced a policy of zero tolerance when it comes to outstanding debt with the municipality.
You will note that the Due Date on your account is now 15 days instead of 30 days. If any amount, no matter how small, moves into 30 days City Power has been instructed to disconnect services. This is done without prior notice. A technician will arrive at your premises with the notice and instruction for him to disconnect. Reconnection will only be made 72 hours after payment for all outstanding money is made and received by COJ. Unfortunately EMC do not have the authority to stop a technician from disconnecting services once he is on site.
But its bloated workforce earns more than four times than at overseas utilities and there’s ‘rampant corruption, dubious contracting and poor management.’
Should the National Energy Regulator of South Africa approve Eskom’s application for a 30% price increase, the country runs the risk of killing off economic activity, increased job losses, and numerous business closures, according to experts in economics, energy and mining.
Coupled with increases in Value Added Tax (VAT), fuel levies, and an approved 5.2% electricity price increase on April 1, consumers should tighten their belts.
Major coal supply shortages and an estimated R1.3 trillion over-expenditure on capital projects mean the utility is running at less than 75% efficiency.
Eskom has 10 days to get its house in order or South Africans will face a cold, dark winter, experts have warned.
The state utility admitted this week it was facing major coal supply shortages at seven power plants in Mpumalanga.
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