There has been less load-shedding so far in 2024 relative to 2023 and 2022
4002 GW were shed from the grid in 2024 versus 23187 GW in 2023
The last day of LS was 25-March 2024
30000
Quarter 1
Quarter 2
Quarter 3 Quarter 4
Stage 1
Stage 2
Stage 3
23187
25000
8000
Stage 4
Stage 5
Stage 6
20000
6000
15000
11973
4000
10000
2000
5000
4002
2496
1782
1318
1329
220
0
0
2015 2018 2019 2020 2021 2022 2023 2024
2020
2021
2022
2023
2024
Source: EskomSePush & Nedbank calculations
Improvements were driven by falling energy demand and an uptick in supply
Demand fell below its 2019-2021 average and has remained there
Dispatchable generation increased above its 2023 levels but is still weak compared to 2019-2021
21
20
average demand 2019-2021 average demand 2023-2024
RSA contracted demand
The increase in generation capacity in 2024 was driven by the return of 3 units at Kusile power station and enhanced eciencies due to a sharp increase in planned maintenance.
20
19
19
18
2023 avg.
18
2024 avg.
2023 avg.
17
17
16
The peaks in demand are in July and explained by winter. In 2024 it was 2.6% below the average peak demand over 2019–2021.
16
2024 avg.
15
15
14
14
Dispatchable generation (supply)
Average supply 2019-2021
Average supply 2023-2024
13
13
2019 2020 2021
2022
2023 2024 2025
2019 2020 2021
2022
2023 2024 2025
Source: Eskom & Nedbank calculations
23
South Africa’s Energy Prospects
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