Eskom backs Necom-level consultation on use of electricity tokens to upscale virtual wheeling

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.