After more than 10 months of uninterrupted electricity supply due to the success of the Generation Recovery Plan, Eskom has implemented stage 3 loadshedding at short notice.
“This is a potentially temporary setback.”
According to the power utility, loadshedding is largely behind us due to the structural improvements in our generation fleet.
However, over the past seven days, we have experienced several breakdowns that require extended repair times. This has necessitated the use of all our emergency reserves, which now need to be replenished.
“Eskom will issue further updates in due course.”
This announcement follows the National Energy Regulator of South Africa (Nersa) decision on Thursday to approve an Eskom tariff increase of 12,7% for this year which will come into effect on the 1st of April for direct customers.
The power utility initially applied for an electricity price increase of 36% for 2025, and they are likely to be disappointed by Nersa’s decision.
READ MORE: Nersa approves 12,7% Eskom tariff hike for 2025
Meanwhile, the Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has welcomed NERSA’s announcement of the approved electricity tariff adjustments.
“We reaffirm our confidence in the independence and integrity of NERSA in fulfilling its mandate to ensure that electricity pricing balances the financial sustainability of Eskom with the economic realities faced by households, businesses, and industries.”
Ramokgopa added that whilst the approved tariff adjustments will place pressure on Eskom to stay the course with its investment strategy, the Ministry remains committed to working closely with Eskom to drive greater efficiency gains.
The minister says this will ensure that operational improvements and cost reductions contribute to the utility’s long-term financial sustainability while safeguarding the affordability and reliability of electricity supply.
“We welcome the fact that these tariff adjustments take into account the need to mitigate inflationary pressures on communities and businesses, helping to stabilize the broader economic environment”
The Ministry says it will continue working towards long-term energy affordability and reliability, ensuring that no South African is left behind in the country’s energy transition.