15°C / -1°C
  • Mon
  • 15°C
  • -1°C
  • Tue
  • 13°C
  • 6°C
  • Wed
  • 13°C
  • 0°C
  • Thu
  • 11°C
  • 0°C
  • Fri
  • 12°C
  • -2°C
  • Sat
  • 13°C
  • 0°C
  • Mon
  • 14°C
  • 7°C
  • Tue
  • 16°C
  • 7°C
  • Wed
  • 13°C
  • 9°C
  • Thu
  • 16°C
  • 10°C
  • Fri
  • 16°C
  • 10°C
  • Sat
  • 17°C
  • 8°C
  • Mon
  • 14°C
  • 12°C
  • Tue
  • 18°C
  • 12°C
  • Wed
  • 19°C
  • 15°C
  • Thu
  • 20°C
  • 14°C
  • Fri
  • 22°C
  • 13°C
  • Sat
  • 21°C
  • 13°C
  • Mon
  • 12°C
  • 5°C
  • Tue
  • 13°C
  • 7°C
  • Wed
  • 16°C
  • 8°C
  • Thu
  • 15°C
  • 8°C
  • Fri
  • 16°C
  • 10°C
  • Sat
  • 15°C
  • 10°C
  • Mon
  • 17°C
  • 5°C
  • Tue
  • 14°C
  • 6°C
  • Wed
  • 15°C
  • 7°C
  • Thu
  • 15°C
  • 2°C
  • Fri
  • 16°C
  • 2°C
  • Sat
  • 16°C
  • 3°C
  • Mon
  • 12°C
  • 10°C
  • Tue
  • 17°C
  • 10°C
  • Wed
  • 18°C
  • 11°C
  • Thu
  • 19°C
  • 9°C
  • Fri
  • 23°C
  • 6°C
  • Sat
  • 20°C
  • 6°C
  • Mon
  • 13°C
  • 1°C
  • Tue
  • 15°C
  • 3°C
  • Wed
  • 10°C
  • 6°C
  • Thu
  • 14°C
  • 8°C
  • Fri
  • 13°C
  • 6°C
  • Sat
  • 18°C
  • 5°C
  • Mon
  • 13°C
  • 9°C
  • Tue
  • 15°C
  • 8°C
  • Wed
  • 15°C
  • 11°C
  • Thu
  • 16°C
  • 10°C
  • Fri
  • 19°C
  • 11°C
  • Sat
  • 16°C
  • 11°C
  • Mon
  • 19°C
  • 7°C
  • Tue
  • 17°C
  • 9°C
  • Wed
  • 18°C
  • 8°C
  • Thu
  • 17°C
  • 4°C
  • Fri
  • 18°C
  • 4°C
  • Sat
  • 19°C
  • 5°C
  • Mon
  • 21°C
  • 6°C
  • Tue
  • 18°C
  • 9°C
  • Wed
  • 18°C
  • 9°C
  • Thu
  • 18°C
  • 5°C
  • Fri
  • 18°C
  • 4°C
  • Sat
  • 20°C
  • 6°C
  • Mon
  • 13°C
  • 6°C
  • Tue
  • 15°C
  • 6°C
  • Wed
  • 11°C
  • 8°C
  • Thu
  • 14°C
  • 10°C
  • Fri
  • 14°C
  • 9°C
  • Sat
  • 15°C
  • 8°C
  • Mon
  • 19°C
  • 2°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 16°C
  • 9°C
  • Thu
  • 16°C
  • 3°C
  • Fri
  • 16°C
  • 1°C
  • Sat
  • 17°C
  • 0°C

Nearly R12bn revenue lost to lower electricity demand, says Eskom

The power giant says it suffered an R11.7 billion loss in the last financial year.

Eskom's chairperson Zola Tsotsi revealed the power utility will be suspending four executives as part of an independent inquiry into the business at Megawatt Park in Johannesburg on 12 March 2015. Picture: Reinart Toerien/EWN
eskom,National Energy Regulator of South Africa NERSA
Local Business

CAPE TOWN - Eskom says an almost R12 billion loss in revenue was mainly due to a lower demand for electricity.

The power giant says it suffered an R11,7 billion loss in the last financial year.

It is seeking to recoup this money plus an additional R11,1-billion.

Public hearings by the National Energy Regulator of South Africa (Nersa) into Eskom's application started in Cape Town today.

Eskom’s Khulu Phasiwe says the economic downturn is largely to blame for the power utility losing billions in revenue.

“The economy has not been doing well and as a result, many of the big manufacturers and the mining sector have not been using as much electricity as they used to before.”

Apart from the R11,7 billion, Eskom also wants to recover R8 billion for the procurement of diesel.

The power giant has been criticised for its apparent lack of cost controls at the first leg of the Nersa public hearings in Cape Town.

The hearings continue in the Mother City tomorrow before moving to Port Elizabeth and Durban later this week.

(Edited by Winnie Theletsane)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN reserves the right to close comments on selected content pages.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.