Falling demand has facilitated an increase in planned maintenance and an improvement in the electricity availability factor (EAF)
Which, arguably improved generative efficiency, Eskom’s EAF jumped to 60% in 2024
The PCLF peaked at 17.6% in Dec-2024 the highest since Dec-2020
90
20
Planned capability loss factor (PCLF)
85
17.6%
17.6%
17.5%
18
EAF
Annual averages
80
16
75
14
70
12
65
10
59.68
60
57.05
8
55
6
50
45
4
2019 2020 2021
2022
2023 2024 2025
2017 2018 2019 2020 2021 2022 2023 2024 2025
Source: Eskom & Nedbank calculations
The shift to solar by households and businesses in response to the power crisis has led to the drop in energy demand
SSEG registrations have increased by 474% and solar PV installations by 138% between Dec-22 and Dec-24
Fixed investment into machinery and equipment (including solar panels, batteries and inverters) in 2023 reflects the shift to RE
Residential property
Non-residential property Transport equipment
Registered SSEG* (<1MW) Registered distributed generation (1<MW<10)
Registered utility-scale projects (>10MW)
Construction
Other assets
Total GFCF
Machinery & equipment
140
Installed rooftop PV
10000
130
Driven almost exclusively by imports of solar panels, batteries & inverters
* small-scale embedded generation (SSEG)
9000
120
8000
110
7000
100
6000
90
5000
80
4000
70
3000
60
2000
50
1000
0
40
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Stats SA & National Treasury
South Africa’s Energy Prospects
24
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