Eskom Distribution MD Monde Bala has signalled the utility’s willingness to consider the integration of an Electricity Credit Token (ECT) financial instrument to accelerate the implementation of a virtual wheeling model that allows multiple generators to transact with multiple customers in multiple locations. Eskom and Vodacom have, over the past year, developed and piloted a virtual wheeling platform that Eskom is currently aiming to launch before the end of 2024.
JSE-listed real estate investment trust Growthpoint Properties has entered into a power purchase agreement (PPA) with electricity trader Etana Energy for 195 GWh/y of renewable energy, which represents 32% of its total current yearly electricity consumption, which was 612 GWh in its 2023 financial year. The company signed the PPA in November 2023 to wheel electricity to its commercial property buildings in several jurisdictions across the country. Further, the generation profile will be relatively flat over a 24-hour period owing to it consisting mainly of wind power and a smaller hydropower generation component.
The Independent Power Producer Office (IPPO) reports that it is engaging with Eskom on its newly released curtailment addendum to the latest Generation Connection Capacity Assessment (GCCA 2025) – through the addendum 3 470 MW of additional connection capacity for wind generators has been unlocked in two grid-constrained provinces. Prior to the publication of the addendum, the GCCA 2025 indicated there to be no remaining grid capacity available in the Eastern, Northern and Western Cape provinces. But the addendum indicates that, by accepting a “reasonable share of no more than 10% of curtailment”, 2 680 MW of capacity is available in the Western Cape and 790 MW in the Eastern Cape.
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