Despite Eskom’s efforts to accommodate the CoJ, the growing debt now threatens Eskom’s financial stability and ability to provide affordable electricity. As of September 2024, unpaid municipal bills to Eskom total R90 billion, largely impacting Eskom’s operating costs.
The City of Johannesburg and City Power will be forced to make do without electricity at certain times of the day due to its unpaid debt to Eskom said the CoJ currently owes Eskom R4.9 billion, plus an additional R1.4 billion due by the end of November 2024., it can no longer afford to accommodate the entity without harming its own business. As of September 2024, unpaid municipal bills to Eskom total R90 billion, largely impacting Eskom ’s operating costs.
"Borrowing money to fund operational cash shortfalls caused by the failure of municipalities such as the CoJ to pay for bulk electricity increases the costs of providing electricity exponentially," said Eskom spokesperson, Daphne Mokwena. Eskom stated that CoJ management and City Power entered into an agreement to make payments while investigations continue into allegations of overbilling, but this agreement has been reneged on.
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