Eskom made R30 billion in profit and endured far less load shedding, but that does not mean electricity bills are about to fall. Its sales are declining as households and large industrial customers increasingly turn to solar.
Gareth Edwards and Francis Herd unpack the price paradox, Eskom’s two-to-three-gigawatt surplus and the search for new demand from data centres and electric vehicles. They also examine how municipal debt could complicate the utility’s recovery and who may pay more if customers keep leaving.
