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Ekurhuleni loses more than R1,5 billion in power revenue

The Ekurhuleni metro lost more than R1,5 billion in power revenue during the 2022/2023 financial year as a result of load shedding, illegal power connections, tampering with power cables and easily accessible power meters.

This shocking information was published in a report by the Financial Oversight Committee in preparation for the 2024/2025 financial budget.

According to the report, the actual loss may be even more because the Metro did not take all the unplanned outages into account as well.

Unplanned outages resulted in a loss of 2 294 power hours equating to a potential loss of R595 million in 2022 and in 2023, a total of 3 540 hours were lost amounting to a financial loss of R933 million.

The report also indicates that during the same financial year, there were further power losses amounting to between R3 billion and R3,4 billion apparently due to unknown causes.

Although an increase in registered power accounts was recorded on 30 June 2023 (443 534), in contrast to the same period in 2022 (442 872), there was still a decrease in power sales. This is attributed to load shedding.

It is clear that decisive action should be taken against illegal power consumers, and the FF Plus will confront the ANC/EFF government about it.

The FF Plus is of the opinion that Ekurhuleni needs a holistic power plan which will make the Metro less dependent on Eskom. This report confirms it.

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