Eskom concerned over Tshwane, Ekurhuleni's escalating debts
Eskom has raised concerns over the escalating electricity debt owed by municipalities in Gauteng.
It said on Thursday that the debt poses a significant challenge to the utility.
The power utility said the impact on Eskom's financial stability is exacerbated by the City of Tshwane's accumulation of unpaid bills and Ekurhuleni Municipality's late payments.
It said thus affects residents and businesses that rely on a stable power supply.
"This as the accumulating debt not only strains Eskom's financial stability but also threatens the reliability of electricity supply across the province," Eskom said in its statement.
"If left unaddressed, the situation could lead to service interruptions, hindering economic activities."
The utility said despite continuous efforts to address the inconsistent and late payments, the debt, specifically that of Tshwane, continues to grow and hinders Eskom's ability to invest in essential infrastructure, maintenance, and the development of sustainable energy solutions.
"The CoT has outstanding bills amounting to R3.1 billion for August, September, and October 2023 with a total debt of R4.2 billion and a current account of R1.1 billion that is due on 28 December 2023.
"The CoE continues to settle its account late even after the payment terms were extended to 30 days, it currently has arrears of R146 million."
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