South African Eskom Considering Discount Power for Bitcoin Miners as Solar Creates Surplus
Eskom is exploring selling surplus daytime electricity at a discount to Bitcoin miners due to reduced grid demand from rooftop solar installations.Summary
South African electricity utility Eskom is considering offering discounted power to Bitcoin mining companies to monetize surplus electricity generated during the middle of the day. This surplus occurs because widespread adoption of rooftop solar systems reduces grid demand when the sun is shining. Eskom chairman Mteto Nyati stated they are evaluating creative ways to use this excess capacity. Selling power to energy-intensive sectors like Bitcoin mining, AI infrastructure, and data centers aligns with Eskom's strategy to adapt to structural changes in the electricity market, including increased private investment and shifting demand patterns. This approach aims to generate revenue from otherwise unused power while also supporting Eskom's viability through cost reductions and new revenue streams.
(Source：Bitcoin Magazine)