Electricity prices in South Africa have dramatically outpaced inflation over the past decade (ever since the 2008 electricity supply shortage crisis). Recently, Eskom has won a court case allowing it to recover historical ‘losses’ or under-recoveries (the so-called regulatory clearing account or RCA). Read More
The “electron economy” refers to a global shift towards using electricity as the main energy carrier. The term was coined about 11 years ago by Ulf Bossel, a fuel cell engineer and entrepreneur. In 2007, Michael Hoexter neatly summarized the electron economy concept based on Bossel’s ideas in a blog article that is unfortunately no longer accessible on the internet:
While SA seems stubbornly focused on coal (including new private coal-fired power stations), gas and nuclear, Germany is forging ahead with its bold moves to transform into a country with 100% of its energy provided by sustainable and renewable sources.
With the price of solar PV (photovoltaic) panels dropping by more than 10% per year, and Eskom seeking double digit increases for the foreseeable future, when can we expect to see the cost of residential solar PV and battery storage systems to drop below the cost of grid power from Eskom?