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Eskom offers tariff for businesses to purchase renewable power

The program gives business customers a mechanism to purchase clean energy from the utility without having to own a renewable energy generator or entering into long-term agreements, it said.
Image: Supplied

South Africa’s Eskom, which generates almost all of the nation’s electricity, is starting a pilot program to allow businesses to buy green power.

“The Renewable Energy Tariff is designed to provide a cost-effective and flexible option for Eskom customers to consume renewable power” and meet their own targets, the company said in a statement on its website. The program gives business customers a mechanism to purchase clean energy from the utility without having to own a renewable energy generator or entering into long-term agreements, it said.

Eskom burns coal to generate the majority of its power and is planning to use more renewable sources to gain better financing terms and adjust its position as the country’s biggest emitter of greenhouse gas. The utility itself generates some electricity from renewables including wind and hydro.

During the period of the pilot program which will last for two years ending in March 2023, Eskom is offering a maximum of 300 gigawatt-hours annually to customers supplied directly by the utility. The participants will have an option to select any percentage of their current electricity usage to be green. A decision will be taken at the end of the program on whether to submit the tariff for formal approval.

© 2021 Bloomberg

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In other words, Eskom will be selling something they don’t have. They are one of the largest carbon emitters on earth, but they will sell clean energy!

They will be doing the business of a bank by manufacturing clean energy out of nothing like a bank creates money out of nothing. At this rate, Eskom may even become the utility that sells the cleanest energy on earth by burning coal. This is an innovative concept guys, I must give you that. You have learned from your “shareholder” that no scheme is ever too audacious and that you should never overestimate the intelligence of the public. You are as dirty as hell, but once you have passed through the ANC Ethics Committee, you are squeaky clean. If Luthuli House can launder dirty criminals, maybe they can also launder dirty energy.

End of comments.

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