Prepaid electricity crisis: 70 million meters may stop working next year | Business

United States News News

Prepaid electricity crisis: 70 million meters may stop working next year | Business
United States Latest News,United States Headlines
  • 📰 News24
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 80%

All 70 million of the world’s meters will stop vending electricity unless they are updated through a process known as TID rollover. There are 10 million prepaid meters in SA, and while the update is simple to perform, authorities have hardly started.

All 70 million of the world’s electricity meters will stop vending electricity unless they are updated through a process known as TID rollover

Vendors, including Eskom and municipalities in South Africa, must execute a relatively simple project to avoid the issue, but the only problem is this project will take some time, and many have hardly started.reported by the Financial Mail in October There are 10 million prepaid electricity meters in SA and an estimated 70 million worldwide - with 50 million of them estimated to be in Indonesia, says Taylor.The whole problem is relatively simple to fix. All that needs to happen to update an electricity meter so that it is ready to vend electricity beyond 24 November 2024 is for two unique 20-digit numbers, known as key change tokens , to be punched into the meter and then it is ready.

The best available data on the progress of the rollover project, which was made accessible to News24, lies in the status of something called Supply Group Codes . Local municipalities submit their progress data to a dashboard on the South African Local Government Association website. Only 28 municipalities indicated on the site that that they have started their projects.

Asked about the meter problem, De Jager says that like Y2K it is a rollover problem, that is where the technical similarity ends. “This metering problem is very, very, very different. You know exactly what the problem is. I mean, there's no question. It's in every meter.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

News24 /  🏆 4. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPINIONISTA: Dark future looms for SA, unless we move with speed to build renewable energy plantsOPINIONISTA: Dark future looms for SA, unless we move with speed to build renewable energy plantsIt is now cheaper to build new utility-scale renewable energy plants than to keep existing fossil fuels plants operating. The cost of utility-scale renewable energy plants with storage is falling so rapidly that these are now less costly to build than new coal plants, which will only get cheaper.
Read more »

Two dead after suspected fuel theft near Transnet pipeline | BusinessTwo dead after suspected fuel theft near Transnet pipeline | BusinessThe suspects are thought to have been overcome by fumes while trying to siphon petrol from the pipeline on Saturday night. | News24_Business
Read more »

Economists see 45% chance of recession in SA in 2023 as load shedding worsens | BusinessEconomists see 45% chance of recession in SA in 2023 as load shedding worsens | BusinessSouth Africa faces a 45% chance of slipping into recession this year as South Africa’s electricity crisis deepens, according to a survey of economists by Bloomberg this month. | News24_Business
Read more »

Business Maverick: Ghana approves sale of Vodafone unit to French tycoon’s TelecelBusiness Maverick: Ghana approves sale of Vodafone unit to French tycoon’s TelecelGhana has given Telecel Group, headed by French tycoon Hugues Mulliez, approval to buy Vodafone Group Plc’s operations in the West African country.
Read more »

Joburg City Power moves to cut off non-paying business from power gridJoburg City Power moves to cut off non-paying business from power gridCity Power spokesperson Isaac Mangena said only 4% of businesses and residents in the township pay for electricity.
Read more »

Soweto ice cream business praised by Ramaphosa melting away due to ongoing load shedding | News24Soweto ice cream business praised by Ramaphosa melting away due to ongoing load shedding | News24Thando Makhubu's ice cream business once received a mention from President Cyril Ramaphosa after the Soweto man successfully built it using the R350 social relief of distress grant.
Read more »



Render Time: 2025-03-06 12:56:25