Eskom says ferrochrome offer will leave it financially better off

Eskom board member Clive Le Roux says the State-owned company will be in a better position financially by selling electricity to the ferrochrome smelters at 62c/kWh than if that demand was lost through smelter closures. “The reason for that is as the demand comes down, so the marginal cost of supplying energy into a lower-demand economy comes at a lower marginal price.