South Africa’s power grid is under significant strain due to a combination of factors, including population growth, increased demand for electricity, poor management and ageing infrastructure.
This strain has led to frequent power outages and load shedding, which has had and continues to have a major impact on the country’s economy and the daily lives of every South African.
According to Daily Investor, the Council for Scientific and Industrial Research (CSIR) senior researcher Monique le Roux said the South African economy lost R560 billion because of load shedding in 2022, and things are unlikely to change in the next few years.
As of Tuesday (10 January 2023), power utility Eskom announced that load shedding will be pushed to stage 6. The pattern of stage 4 load shedding between 05h00 and 16h00, and then stage 6 between 16h00 and 05h00 will repeat until further notice, Eskom said.
Prolonged load shedding and the prediction that it will remain a reality for South Africa long into the future has meant that many South Africans have decided to install backup power supply to their properties to mitigate the effects of having no power at home for extended periods.
Additionally, almost all major banks now offer loans to provide finance to their customers specifically for backup utilities due to their expense – whether it be generators, batteries, or renewable energy sources such as solar.
However, TPN Credit Bureau warned those renting properties to consider South Africa’s property laws before installing any backup utilities.