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Eskom says it has 34 000MW of available capacity and as such loadshedding has been suspended for the rest of the week.
Stage 1 loadshedding starts at 09:00 before shifting to Stage 2 at 14:00.
Eskom says that demand is 2 000MW higher than it was on Tuesday.
South Africans are expected to face Stage 1 loadshedding until 22:00 on Wednesday evening.
Stage 2 loadshedding starts at 09:00 but Eskom has not announced how long the festivities will last for.
Loadshedding will be implemented to "replenish the emergency generation reserves to better prepare for the week" says Eskom.
Eskom has managed to reduce plant breakdowns to 2 350MW but loadshedding remains in place to recuperate reserves.
Loadshedding will run through until 22:00 on Friday thanks to the loss of 3 000MW of generation capacity.
There are a total of five generation units offline as of Friday morning.
An Eskom spokesperson has said there is a high probability of loadshedding being implemented between 17:00 and 21:00 starting from today.
Demand has dropped by an average of 7 500MW since lockdown started largely due to major industries being closed.
Eskom says that Koeberg Unit 1 should be repaired by the weekend and expects loadshedding at Stage 4 to continue for the foreseeable future.
Following a night of Stage 2 loadshedding, power cuts ramp up from 09:00.