A new power update report reveals that Eskom has achieved an unprecedented milestone: 240 consecutive days without loadshedding since March 26, 2024, saving R16.33 billion in diesel costs compared to the R22.94 billion spent during the same period last year.
This represents a 71.2% reduction in diesel expenditure, underscoring significant operational improvements in South Africa’s energy sector.
On November 19, South Africa marked the longest uninterrupted power supply streak in five years, boosting investor confidence, economic growth, and global market perceptions. Eskom’s Energy Availability Factor (EAF) reached an impressive 64.5% over the past week, with power stations like Medupi, Kusile, and Matla achieving over 70%.
Unplanned outages fell to 10,170 MW this week, 2,830 MW below projections, reflecting enhanced operational efficiency.
“This achievement is a defining moment for Eskom and the nation. It signals a turnaround in energy reliability that instills confidence among investors and ensures South Africa remains competitive in global markets,” said Dean Paul, international energy analyst.
Paul highlighted the milestone’s significance for restoring trust in the country’s industrial capabilities, particularly for sectors like mining and manufacturing, which are critical drivers of the South African economy.
The report further noted structural improvements in Eskom’s performance. Unplanned Capacity Loss Factor (UCLF) improved to 25.0% as of November 21, 2024, down from 33.6% in the same period last year, reflecting an 8.4% improvement year-on-year.
These results stem from planned maintenance activities and strategic operational reforms. Eskom has also reaffirmed its Summer Outlook, projecting a loadshedding-free period from September 1, 2024, to March 31, 2025, offering stability to businesses and investors.
For South Africa’s industries, the uninterrupted power supply has already delivered significant benefits. Consistent electricity has enabled mining operations and manufacturers to operate at full capacity, boosting productivity and reducing operational costs.
This not only fuels GDP growth but also enhances the country’s export performance. The power update signals a turning point for South Africa, aligning with President Cyril Ramaphosa’s vision of revitalizing the energy sector to support economic recovery.
“The 240-day streak without loadshedding showcases Eskom’s ability to address historical inefficiencies and deliver consistent power to the nation,” Dean Paul added.
“This progress sets the stage for South Africa to attract foreign investment, strengthen its industries, and take a leading role in the global energy landscape.”
The report also emphasized improvements in the coal-fired fleet, once seen as a weak link in Eskom’s operations.
Stations such as Kusile, Medupi, and Matla have emerged as top performers, contributing to the utility’s remarkable EAF gains.
These advancements provide a foundation for further integration of renewable energy, aligning South Africa’s energy trajectory with global sustainability goals and increasing its appeal to environmentally conscious investors.
While the progress is encouraging, Eskom recognizes the need for sustained efforts. The utility’s commitment to reducing unplanned outages and maintaining high performance levels will remain central to ensuring long-term energy security.
The milestone offers a glimpse into a future where South Africa’s energy sector serves as a pillar of economic stability and growth.
In conclusion, the latest Eskom power update represents a transformative shift, restoring investor trust and driving South Africa toward a more sustainable and globally competitive energy future.
With uninterrupted supply driving industrial growth and international confidence, South Africa is proving that it is ready to power forward.
