The utility says it is confident the decision will positively contribute from a financial and sustainability point of view, while the revenue determination of R319-billion and R352-billion for the financial years, respectively, will allow a further migration towards a price level that reflects the efficient cost of producing electricity.
The Underground Gravity Energy Storage (UGES) concept, developed through a study led by the International Institute for Applied Systems Analysis (IIASA), works by using the weight of sand and letting it fall down a mineshaft through regenerative braking systems that power dynamos, which produce electricity.
INDUSTRY NEWS
- Mavuso slams Eskom’s tariff system as ‘farcical’, calls for urgent electricity sector reformSeptember 1, 2025 - 2:04 pm
- Public hearings to be held on NTCSA’s application for electricity market operator licenceSeptember 1, 2025 - 1:04 pm
- Nersa registered 111 generation facilities in the April to June quarterAugust 29, 2025 - 5:05 pm
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