- Eskom has approached the High Court in Johannesburg to force Johannesburg City Power to pay R1.07 billion it owes the utility.
- Eskom has also demanded monthly financial statements from City Power in their court papers.
Eskom said the non-payment undermined the utility’s financial stability and ability to maintain essential infrastructure. It also affected Eskom’s ability to invest in new technologies and meet the province’s growing energy demands.
“City Power started to default on its payments from October 2023, and no payment was received for the March 2024 invoice. The debt owed by City Power has reached unprecedented levels, exacerbating Eskom’s already strained financial situation,” Eskom’s statement reads.
City Power in turn declared a dispute regarding potential overbilling on bulk purchase invoices dating back to 2021. Eskom has denied the claims made by City Power and will prove its position through the arbitration process. They argue that dispute does not absolve City Power of its legal obligations to pay Eskom for the bulk electricity it has received.
Author: Bryan Groenendaal
