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“Eskom or National Grid Banking” refers to a program implemented by Eskom, the South African electricity public utility, that enables customers to generate their electricity from alternative sources, such as combined heat and power, Photovoltaic Systems, and Wind turbines, and store any excess energy produced for later use. This stored energy can then be consumed during times when the alternative energy source isn’t generating electricity, providing customers with greater flexibility and reliability in their energy supply.
The stored credit can be utilized on a 24-hour, monthly, or annual basis, depending on the agreement. O’wayo Power Energies actively supports this initiative as it presents the most economical method for offsetting a client’s 24-hour energy consumption.
We can enter into a Power Purchase Agreement. We will then virtually offset your 24-hour Energy, by leveraging the national grid banking.
Businesses can also purchase this system outright, we will assist with the process of engaging and negotiating with Eskom or the municipality.
In any event, Utilizing alternative energy sources often results in lower electricity costs over time, as customers can generate their power at a lower cost than purchasing it from the national grid.
Storing excess energy allows customers to use it during periods of low renewable energy production or high demand, ensuring a more reliable and stable energy supply.
