Eskom in CODE RED 🚨 Another massive electricity price hike hitting South Africans soon | Ep 151

#ESKOM #Loadshedding #ANC ___________________________________ 👨🏽‍💻My Website: www.joeemilio.co.za __________________________________ 🏆 Become a member to my YT Channel for some perks:    / @newsflashwjoeemilio   ___________________________________ 🎭 WATCH 👀: First Run of my comedy special:    • Video   ___________________________________ ⬇️ Social media Links 📱: Facebook:   / comic.joe.emilio   Twitter/ X: https://x.com/joe_emilio_?s=21&t=9Ix-... Tiktok: https://x.com/joe_emilio_?s=21&t=9Ix-... Instagram: https://instagram.com/joeemilio?igshi... Dark times ahead as Eskom sits in code red The latest electricity generation data from StatsSA shows a consistent decline in electricity generation and distribution over time, raising some skepticism about electricity minister Kgosientsho Ramokgopa’s previous statements that South Africa is “starting to turn the corner” on the energy crisis. In combination with Eskom’s latest system status report – the first for 2024 – it is apparent that the country is still squarely sitting with a significant energy shortfall that is not showing any signs of letting up any time soon. Stats SA’s report painted a dim picture of the country’s electricity landscape since 2018, with data reflecting that 2023 was the worst year on record for rolling blackouts in the country. According to the data, electricity generation (production) in South Africa decreased by 3.3% year-on-year in November 2023. Seasonally adjusted electricity generation for the same month decreased by 2.7% compared to October 2023. Another massive electricity price hike hitting South Africans soon Despite having the worst year of load shedding in 2023, and many analysts noting it is firmly here to stay in 2024, South Africans must prepare for another double-digit Eskom tariff increase this year. In December 2023, the High Court of South Africa rejected the requests for a judicial review on the revenue decision and tariff approval made by The National Energy Regulator of South Africa (Nersa) regarding Eskom’s fifth MultiYear Price Determination (MYPD5) application for the 2023/24 and 2024/25 fiscal years. The judgement followed applications by the Democratic Alliance (DA) and the South African Local Government Association (Salga) to review the Nersa decision on Eskom’s MYPD5 revenue application. The High Court found that “when all is considered and the detailed and extensive reasons furnished by Nersa is compared with the attacks on its decisions, none of the review grounds pass muster,” the court said. “All relevant factors have properly and in detail been considered, the conclusions reached were neither arbitrary nor irrational, and the issue of cross-subsidisation was considered at the appropriate stage,” it added. Therefore, The High Court found that both the DA and Salga review applications must fail. This means Nersa’s approved 18.65% increase in electricity prices for 2023 and 12.74% hike effective April 2024 will stand. New Eskom load-shedding stages coming soon The National Energy Regulator of South Africa (Nersa) is expected to reveal changes to Eskom’s load-shedding stages in the coming weeks. The regulator published a consultation document detailing a planned revised load-shedding approach that allows for up to stage 16 power cuts in August 2023. The document, NRS 048-9 Electricity Supply – Quality of Supply: Code of Practice – Load reduction practices, system restoration practices, and critical load and essential load requirements under system emergencies, was opened for public comment on 11 August 2023. The finalised NRS 048-9 Code of Practice Edition 3 will replace the current edition of the code Eskom’s System Operator uses to define load-shedding stages. In addition to enabling the power utility to implement higher stages of power cuts, the draft document proposes allowing the System Operator to instruct distributors to reduce demand based on a percentage of the country’s national non-curtailment load at a given time. The current rules only explicitly make provision for load-shedding up to stage 8. If the revision proposed in the consultation document is approved in its current form, the System Operator will be able to instruct that electricity demand be dropped by between 5% and 80% of the total load, from stage 1 to stage 16.