Eskom’s latest generation adequacy report is showing red across the board.
Embattled power utility Eskom has revised its energy outlook for the next year, showing red across the board.
Under the previous assumptions, if Eskom was able to keep outages below 13,000MW, the country would not be experiencing load shedding at all. With outages at 16,000MW or above, Eskom projected that load shedding would be at stage 4 load shedding for most of the year. Load shedding is destroying the South African economy. All major banks, including the SARB, as well as analysts and ratings firms have flagged load shedding as the main cause for downward revisions of South Africa’s growth prospects for this year – just a hair away from causing a full-year recession.
Board chairman Mpho Makwana told the nation in January that the group would restore its Energy Availability Factor to 60% by the end of March. This did not happen. If the power utility is unable to do so, the country will likely see upwards of stage 6 load shedding during peak winter in June.
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