Eskom splurges on diesel to keep loadshedding at bay
In order to better manage loadshedding, Eskom has increased its purchasing and burning of diesel in its open cycle turbines.
From April to July 2023 the utility spent R12 billion in taxpayer money to keep loadshedding from reaching higher stages.Before the winter period began, Eskom issued a grim warning to South Africans that increased demand, which is usually seen during the months of June, July and August, could lead to Stage 8 loadshedding. Despite this, the winter monthsEskom says it managed this by increasingas well as reducing maintenance at its power stations.
This marks an increase over the 1 826GW/h it generated in the 2021/2022 financial year, owing to the worsening of the energy crisis over 2022 and especially in its last few months. In the months of April, May, June and July 2023, Eskom spent R3 billion per month on just diesel for its OCGTs. With 2022’s total spending on diesel at R21 billion, the utility seems well on the way to make 2023 a record year in terms of diesel purchases.The R3 billion spent on diesel so far is dwarfed by the R184 billion in taxpayer money the utility received from the National Treasury in loans, which are expected to continue into 2025.
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