South African Property Owners Association (SAPOA) outlines the challenges and costs associated with load shedding.
Recent data from the South African Property Owners Association shows that load shedding is crushing the commercial property industry.
Out of those queried by SAPOA, only 1.69% of all respondents said that load shedding has to date, had no impact on business. Over 70% of respondents reported a serious or very serious impact on their business. SAPOA provided the following graph that details direct costs associated with business operations during load shedding:
To keep these diesel generators going, however, businesses are largely paying the going market prices for fuel, escalating costs significantly. Very few get special pricing or pay wholesale prices, the report showed. It’s in developing load shedding mitigation that businesses are incurring the biggest costs. The investment into generators and solar ranges from the low-end of R400,000 to over R500 million, the report showed. Most companies said their backup solutions have cost them tens of millions of rands.
When asked if they were currently generating their own electricity through solar, wind, gas or other processes – 44% said they w,ere whereas the other 55% are yet to.
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