Approach · Method
We treat your factory like a trading desk, and your load like a position.
The thesis
Most industrial energy buyers in South Africa pay a tariff. We think they should hold a portfolio.
The reseller model is structurally limited: it stacks margin on top of Eskom and calls it procurement. The trading model is different. You decompose the load, take the parts that behave like base, and build a hedge around the parts that don't.
Mercuria and Danske Commodities run global commodity books on this logic. We've translated it into the South African reality — Eskom Megaflex, REIPPPP off-take, municipal wheeling, and the live constraints of NERSA.
The 20–40% saving our clients see isn't a discount. It's the spread between a tariff and a structured book.
Method · Four moves
From invoice to position.
- IStep I
Map the load
Half-hourly profile, capacity peaks, ToU bands, network charges. We rebuild your bill from the meter up.
- IIStep II
Position the book
Decide what gets traded on Day-Ahead, what gets papered bilaterally, and what gets locked into a long-tenor PPA.
- IIIStep III
Wire the wheel
Negotiate the use-of-system, file with NERSA where needed, and coordinate with Eskom or your metro distributor.
- IVStep IV
Settle to the meter
Monthly reconciliation between contracted volume, wheeled energy, imbalance and losses. You see every line.
Firm · 2025 snapshot
A small desk, a serious book.
- 612
- GWh contracted
- 41
- active mandates
- R 1.42 bn
- annual notional
- 28.4%
- avg. client saving
- 6
- metros wheeled
- 12
- IPP counterparties
- 10–20 yr
- PPA tenor range
- 5–10
- days to analysis