Showing posts with category "energy"

$100 oil price on the way, say experts

Surging demand, fading Omicron fears, and OPEC+’s inability to ramp up output have underpinned an eye-watering rally in oil prices.

January 19, 2022
tags
energy

Rothschild hired to help steer Eskom’s debt revamp

Eskom Holdings’s creditors started working with financial advisory firm Rothschild & Co. as South Africa’s struggling power utility prepares a long-awaited reorganization aimed at returning it to profit and lightening its debt load.

January 18, 2022
tags
energy

Eskom plans further electricity price hikes for South Africa

Eskom has reiterated its calls for a 20.5% tariff increase for the 2023 financial year, warning that the hike is necessary for the continuation of its operations.

January 18, 2022
tags
energy

Eskom to take Koeberg Power Station unit offline

Eskom will take unit 2 of the Koeberg Nuclear Power Station offline on Monday, 17 January, for a regular refuelling and maintenance outage that is scheduled for five months.

January 15, 2022
tags
energy

Expect another record year of load shedding in South Africa: economists

As South Africa appears to be leaving the worst of the Covid-19 pandemic behind it, much of the focus this year will be on getting the economic basics right. However, this could prove difficult given the country’s widening energy supply gap, say economists at investment bank BNP Paribas.

January 13, 2022
tags
energy

Mayor warns against massive electricity price hike for South Africa

Cape Town mayor Geordin Hill-Lewis says his city formally rejects an application by Eskom to increase the price of electricity by 20,5% in the 2022/2023 financial year.

January 13, 2022
tags
energy

Massive electricity price hike on the cards for South Africa

South Africa faces a hefty electricity price hike in April despite ongoing load shedding and energy production concerns surrounding Eskom.

January 11, 2022
tags
energy

Oil set for third weekly gain as market tightens on outages

Oil was poised for a third weekly gain as the market tightened due to supply constraints across OPEC+ members following civil unrest.

January 7, 2022
tags
energy

Push for electricity supply change in South Africa

The South African Local Government Association (Salga) has submitted an application to the North Gauteng High Court for a declaratory order that would give municipalities exclusive rights to administer, distribute and sell electricity.

January 6, 2022
tags
energy

10 ways to save fuel when driving an automatic car

With the cost of petrol having breached R20 per litre in December, and diesel up to R18:00 for a litre, motorists in South Africa should be looking at ways to bring down their driving costs.

January 4, 2022
tags
energy

Here is the official petrol price for January

The Department of Energy has announced the official fuel price adjustments that will come into effect on Wednesday, 5 January 2022.

January 4, 2022
tags
energy

Eskom adding 800MW to the national grid as Kusile Unit 4 gets connected

Eskom says that Unit 4 of the Kusile Power Station Project has been connected to the national grid, which will contribute an additional 800MW to the country’s power system once the unit is fully optimised, following a series of tests and other commissioning activities.

December 30, 2021
tags
energy