All of your questions about our Virtual Wheeling Platform, answered.
Does virtual wheeling solve load shedding?
Virtual wheeling will not immediately solve load shedding. As outlined, it provides low/medium-voltage enterprises access to renewable energy. Only if there is sufficient demand and, hence, private sector investment in renewable energy, will we see a reduction in load shedding levels.
Will virtual wheeling result in cost savings?
If a buyer can procure independent power producer (IPP) generated energy at a tariff that is less than the current WEPS tariff, this will result in an energy cost saving when ESKOM pays the wheeled energy refund (WER) to the buyer.
What changes will be required at the consumer meter points?
Virtual wheeling requires measuring and reporting energy consumption on a 30-minute interval for time of use (ToU). All consumer buyers will need to be equipped with the necessary meters to support this. Eskom maintains a list of approved suppliers and meters that may be used.
What is the impact of Virtual Wheeling on my ESKOM invoice?
Virtual wheeling does not impact the payment of current Eskom / municipality invoices. However, after the monthly reconciliation of the total customer consumption, Eskom will make a single payment to the customer for the IPP-generated energy consumed.
How will municipal debt be managed?
Where a Municipality with municipal-connected off-takers is in debt to Eskom, no wheeled energy refund will be processed for the wheeled energy associated with the off-taker until the Eskom account is in good standing.