Eskom spending billions on diesel every month

The Department of Public Enterprises revealed that Eskom has spent almost R65 billion on diesel in the past five years — and R23 billion in the past year.

The utility heavily relies on its OCGTs, some of its most reliable power stations, to reduce the stages of load-shedding implemented. Public Enterprises Minister Pravin Gordhan revealed in his answer that the total amount of money the power utility has spent on diesel for each of the past five years since May 2019 has amounted to R64.78 billion.

Eskom’s 2024 financial year ran from April 2023 to March 2024, and 2023 marked the worst year for load-shedding that South Africa has ever experienced. Aside from costing the country billions, Eskom’s OCGTs were also never designed to be run for consistently long periods, as they are peaking stations — used to provide bursts of power to meet demand on short notice.

Headline Pravin Gordhan Investing

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