Eskom Shifts Focus to High-Intensity Energy Consumers

Eskom's recent announcement has marked a significant change in its approach to energy customers. Instead of targeting high-intensity consumers, the utility is now planning to sell excess daytime electricity to bitcoin mining companies.

The shift is attributed to an increase in solar power usage during the day, resulting in a surplus of generation capacity. Eskom's Chairman Mteto Nyati explained that there is a huge demand in the morning as people wake up and prepare for work, followed by a significant drop during the day as solar power takes over.

The utility aims to monetize this excess capacity and prevent a decline in its market share. By offering electricity at a discount during off-peak daytime hours, Eskom hopes to attract high-intensity energy consumers such as bitcoin mining companies.