South African households and businesses are dumping Eskom for cheaper and more reliable solar PV and battery backup installations.
These solar installations benefit the owners significantly and help the country by reducing strain on the Eskom grid.
Fick said the contributions of these solar power plants and rooftop solar installations allowed Eskom to replenish its pumped storage capacity during the day rather than at night. Electricity minister Kgosientsho Ramokgopa said South Africa’s rooftop solar rollout, which was incentivised through tax breaks, is set to reach 6,000 MW by the end of the year.
Ramokgopa’s views align with political analyst JP Landman, who said South Africa could see the end of load-shedding by the end of 2025 if renewables continue their current growth trajectory. Independent energy expert Mohammed Madhi said renewable electricity prices, like solar PV, decrease year-on-year while Eskom prices increase.
This will encourage more companies and households to install renewable energy with battery backup, which produces cheaper electricity than Eskom.
Gosolr Headline Kgosientsho Ramokgopa Mohammed Madhi Energy
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