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Power is cheap, so we waste it – De Ruyter

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Eskom CEO André de Ruyter Photo: Gallo images
Eskom CEO André de Ruyter Photo: Gallo images

BUSINESS

Eskom chief executive André de Ruyter, said electricity was too cheap and therefore was used recklessly. Speaking on the last day of the Joburg Indaba, De Ruyter reiterated that part of the solution to the country’s energy problems was to reduce demand and add capacity. Demand could go down by 1500MW over the next few years through clever interventions.

Eskom continues to ration power supply through load shedding and is likely to do so until more generation capacity is added to the national grid.

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ANC secretary-general Fikile Mbalula stated the ANC served court papers on Eskom and its former CEO, Andre de Ruyter, after his allegations of the involvement of senior ANC members in corruption at the power utility. Was the ruling party's move warranted?
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