Esco funding model
Thank you to all the Esco's and businesses that have submitted project proposals by 1 August 2017 for funding under the umbrella of the Esco Model for the MYPD3 period.
Funding now is closed!!!
The Esco Model Programme considered funding for commercial and industrial sector project that were able to shift electrical load outside Eskom's evening peak periods.
Project proposals were invited from Energy Services Companies, Project Developers or businesses with a turnover of less than R50 million that qualified as an Exempted Micro Enterprise (EME) (Levels One and Two) or a Qualifying Smaller Enterprise (QSE) (Levels One and Two) as per the codes of good practice under section 9 (1) of the Broad Based Black Economic Empowerment Amendment Act No 46 of 2013.
51% Black-owned Energy Services Companies, Project Developers or businesses with a turnover of more than R50 million per annum were also invited to submit proposals on condition that they subcontract a minimum of 30% to a QSE or EME.
See what the prequalification criteria were - click here
Load Management is the ability to move or shift load out of Eskom’s weekday peak periods being 18:00 to 20:00in summer and 17:00 to 19:00 in winter, to off-peak periods.
The ESCo Model forms part of Eskom’s strategic commitment to:
- Incentivise customers to implement projects that shift load outside the evening peak periods on weekdays; and
- Offer customers an opportunity to participate in managing the dynamics of the national power grid.
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