23 March 2018: Eskom has recently submitted a new application to the National Energy Regulator of South Africa (NERSA) to raise electricity prices by 30%, which may mean that South Africans could see substantial hikes in their monthly electricity costs before the end of 2018.
Cala van der Westhuizen, Head of Marketing and Sales at Energy Partners Home Solutions, a division of Energy Partners and part of the PSG group of companies, comments that the financial burden on consumers in relation to utility tariffs is becoming unsustainable.
“The increases that South Africans have already seen in the price of electricity over recent years have consistently outpaced the rate of inflation. With an even higher price increase now under discussion, it is becoming vital for homeowners to consider alternative sources of electricity to power their homes. Unlike coal-fired power, alternative energy solutions have become exponentially more affordable and accessible to consumers.”
According to van der Westhuizen, the average home’s electricity spend can be reduced considerably through the use of innovative energy efficiency and alternative energy solutions.
“Homeowners can use their own discretion as to how much they want to save and invest in energy efficiency, but most will find that even small changes could make a noticeable difference. Simple measures like replacing the home’s regular light bulbs with energy efficient LED lighting can already cut the average household’s monthly electricity bill by as much as 30%. More advanced options like replacing the conventional geyser with a heat pump and hot water storage solution can reduce the home’s reliance on the national grid by up to 50%.”
Van der Westhuizen says that a larger installation, which includes a solar photovoltaic system, heat pump, energy storage and energy management system can shrink the home’s total monthly energy costs by up to 80%.
“Even though renewable energy is becoming more affordable and will result in future savings; initial installation cost is still one of the major challenges for most homeowners. A fully integrated solution will cost anything from R80,000. Luckily, there are various types of financing available which make these solutions accessible to consumers while still achieving significant savings each month.”
Van der Westhuizen advises all homeowners to evaluate their home’s energy needs and to find out what renewable energy solutions will work for their home. “An energy solutions service provider can provide an accurate assessment of not only what the home needs, but also which solutions would be the best suited for the home – whether this is a rooftop solar installation, heat pumps or other options.”
Energy Partners Home Solutions offers customised solar solutions, as well as various financing options for consumers. “As a registered financial services provider, many of our clients purchase systems that are financed by us and which they can easily pay off over time,” van der Westhuizen concludes.
For a no-obligation consultation with one of our expert engineers, contact Energy Partners Home Solutions on 0861 000 606. For more information, visit www.poweryourself.co.za.
About Energy Partners Home Solutions
Energy Partners, part of the PSG group of companies, has helped some of South Africa’s most well-known businesses save on their energy costs for over seven years. Energy Partners Home Solutions, a division of Energy Partners, brings the same award-winning solutions to the residential and SME markets by combining state of the art energy efficiency technology, solar PV systems and expertise with Energy Partners Home Solutions’ own advanced products. By partnering with Energy Partners, clients can reduce their monthly electricity bills by up to 70%. For more information visit http://www.poweryourself.co.za/ or contact 0861 000 606.
About Energy Partners
Founded in 2008, Energy Partners is a leading energy solutions provider in South Africa that provides clients with innovative solutions (including fully outsourced supply contracts – e.g. steam generation) to suit their needs. Energy Partners has built a high quality team of talented individuals and robust processes which offer end-to-end solutions and integrate the different components of energy optimisation to deliver optimum results – including capital solutions that put clients in a positive cash flow positions from day one. Industries in which Energy Partners specialise include: food retail, retail, healthcare, hospitality, food processing and logistics. For more information visit www.energypartners.co.za
PSG Group is an investment holding company consisting of underlying investments that operate across industries which include financial services, banking, private equity, agriculture and education. PSG Group has a market capitalisation in excess of R40bn, with our largest investment being a 30,7% interest in Capitec.
Additional group companies include Energy Partners, Impak, Curro and Capitec.