UPDATE: Load shedding moves from stage 2 to stage 4 | Fin24
 
In partnership with
  • Trump and Tariffs

    Face-to-face trade meetings with China on the horizon.

  • Peter Moyo

    What is next for Old Mutual and its on-and off-again CEO Peter Moyo as legal manoeuverings continue?

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

UPDATE: Load shedding moves from stage 2 to stage 4

Feb 11 2019 07:26
Fin24

Eskom announced on Monday afternoon that load shedding would move from stage 2 to stage 4 from 13:00. 

The rotational power cuts are expected to continue until 22:00. 

The power utility, which instituted stage 2 load shedding at 09:00 on Monday, said it had been forced to move to stage 4 after it unexpectedly lost 6 additional generating units.

It did not say why the units were lost. 

Stage 2 allows for up to 2000 megawatts to be cut from the national grid, while stage 4 allows for 4000 megawatts to be cut. 

On Sunday the power utility instituted load shedding for the first time since December. It came three days after President Cyril Ramaphosa announced that Eskom would be split into three in his State of the Nation Address.

The load shedding websites of some municipalities returned server busy errors on Monday afternoon due to the number of users trying to find information. Requests were generally resolved within a few minutes. 

Ratings agency Moody's, meanwhile, said in a research report on Monday that splitting Eskom into three entities may make the utility's cost structure more transparent, but the split does little to address the debt-laden power utility's financial challenges.The agency published a research note in reaction to President Cyril Ramaphosa's State of the Nation Address on Thursday, where he announced that the power utility would be split into three separate entities. The entities would all still fall under Eskom. 

Eskom's load shedding plan includes eight stages of increasing severity, allowing for up to 8 000 megawatts to be shed from the national grid. The power utility has previously said it is "unlikely" that stages 5-8 would need to be be implemented.

eskom  |  load shedding  |  electricity
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...