REVEALED: WHAT LOAD SHEDDING HAS COST THE SA ECONOMY IN 2019!

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If you’re reading this, congratulations on finding yourself a working energy source. This latest round of load shedding from Eskom has ended up boiling the blood of the South African public, who are once again having to organise their lives around the incompetency of Eskom.

The country is currently in Stage 4 of load shedding, where 4 000 MW of power has been taken off the grid. It is double the frequency of Stage 2, which means you will be scheduled for load shedding 12 times over a four day period (for two hours at a time), or 12 times over an eight-day period (for four hours at a time).

Eskom: How much load shedding hurts the economy

Chris Yelland is a senior energy expert. He has previously told us that the price of unserved energy – which is energy that never arrives due to load shedding – costs the country around R1 billion per stage, per day:

That is based on using the standard cost of 75 cents per kilowatt-hour, and the average time the lights have been out for each individual load shedding announcement (13 hours).

So let’s take today, Monday 18 March, as an example…

We are into Stage 4 of load shedding, which equates to the loss of R4 billion in one day. Effectively, the number of the stage represents how many billions of rand will be lost each day.

How much money has load shedding cost South Africa in 2019?

(Calculations based on Yelland’s formula.)

The blackouts we’ve been experiencing this month have been caused by a multitude of problems. Monday marks the fifth consecutive day that SA has been hit by load shedding, accounting for a R16 billion hit:

The devastating cost of the past week alone makes up for over half the damage load shedding has done to the economy since 1 January 2019. Back in February, there were another five straight days of power cuts:

But wait, there’s more…

Eskom issued a warning over the weekend that the blackouts could last up to Wednesday. The utility predict they will keep Stage 4 load shedding in place until then, foreseeing that the pressure on the grid will subside before the end of the week. Two more lots of Stage 4 would put another R8 billion onto Eskom’s disastrous tab:


Article Source: https://www.thesouthafrican.com/



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