Business Report 29 November 2012.
SA electricity consumption (available for distribution) fell by 3.9% year on year (y/y) in October‚ Statistics SA (Stats SA) data showed on Thursday.
This was the eighth consecutive month of y/y declines and brought the decline for the first ten months of the year to 2.6% y/y.
Electricity production was down 1.9% y/y in October and fell by 1.8% y/y in the first ten months as Eskom battles with an ageing fleet of coal-fired power stations. The first unit of the new Medupi power station is only due to come online towards the end of next year…
(Editor’s note: Does anyone know what happened to the production that wasn’t consumed? consumption fell by 3.9% whereas production only fell by 1.9% – so 2.0% went missing, seeing as it can’t have been stored. That is a lot of energy – 4 500 GWh!),