Executives say that Japanese utilities could find a replacement for Sakhalin-2 in the event of LNG supply interruption.
Executives said that Japanese utilities JERA, Tohoku Electric Power Co and Sakhalin-2 can find alternative sources of gas if the flow is interrupted. This comes amid U.S. demands to stop energy imports from Russia. This month, the U.S. urged Japan and other Russian energy consumers…
Executives say that Japanese utilities could find a replacement for Sakhalin-2 in the event of LNG supply interruption.
Executives said that Japanese utilities JERA, Tohoku Electric Power Co and Sakhalin-2 can find alternative sources of gas if the flow is interrupted. This comes amid U.S. demands to stop energy imports from Russia. This month, the U.S. urged Japan and other Russian energy consumers…
Xcel Energy increases capital plan to meet robust power demand
Xcel Energy, a U.S. utility, has increased its capital investment plan by $60 billion over the next five-year period to meet increasing power demand. It also made necessary investments to improve its transmission and distribution system. Utilities are adding billions to their capital…
West Balkan energy producers should adopt carbon price as EU tax is looming, say campaigners
In a report published on Thursday, an environmental agency recommended that Western Balkans countries work to introduce their own carbon pricing for electricity generation in order to reduce the impact of EU new taxes on fossil fuel generated energy which will be implemented next year.
DTE Energy increases its five-year plan to spend $6.5 billion on data centers power demand
Oct 30 – DTE Energy raised its capital investment plan for the next five years by $6.5 billion. This was due to an increase in electricity demand by data centers, and to efforts to modernize utility assets. DTE's third-quarter profits also exceeded Wall Street expectations thanks to higher revenues from its electric division.
Xcel Energy's quarter profit forecast is missed due to higher interest costs and expenses
Xcel Energy, a U.S. utility, missed its third-quarter profit estimate on Thursday due to higher interest costs and operating expenses. Interest rates that are higher for longer can increase the cost of maintaining and constructing infrastructure, such as electrical grids. Minneapolis…
Malaysia shifts from coal to a mix of solar, gas and electricity
Malaysia will shift away from coal and focus on solar power, said the CEO of the state utility Tenaga Nasional on Wednesday. He added that using renewable sources would keep costs low. Southeast Asia's 35 million-strong nation has increased its coal-fired fleet in order to lower electricity costs.
Utility AEP increases capital spending plan to meet demand for data center power
American Electric Power increased its five-year investment plan from $54 billion to $72 billion Wednesday to meet the unprecedented demand for power by customers such as data centers and industries. In premarket trading, shares of the company increased by 3.2%. U.S. utilities have…
US regulators are pushed to connect data centers with grid
The U.S. Energy Secretary Chris Wright directed federal energy regulators this week to examine a rule that would speed up the connection between power-hungry, data centers and electric grids. Wright sent a rule to the Federal Energy Regulatory Commission on Thursday, allowing customers to submit joint…
A2A CEO: Milan's data center capacity will increase tenfold within five years
The Chief Executive of A2A, an energy group, said that data centres in the financial capital of Italy, Milan, are expected to increase their capacity by around two gigawatts over the next five-year period, which is a tenfold rise from the current levels. A2A, a utility that will provide the electricity needed…
Sources say that Western pressure will affect Asian purchases of Russian oil in December.
U.S.-European pressure on Asian buyers could limit India's oil purchases from December. This would lead to cheaper supplies in China. However, Japan is unlikely to stop its Sakhalin LNG shipments at this time, according to trade sources and analysts. Washington has been exerting pressure through trade negotiations on China…
Singapore signss 3-GW green energy deals with Malaysia
According to joint announcements released on Friday, Singapore and Malaysia have signed two agreements for the supply of electricity across borders. This could allow Singapore to access up to three gigawatts (or more) of low-carbon power generation capacity. According to the Singapore…
Portugal's regulator proposes an increase of 1% in electricity tariffs by 2026
The Portuguese electricity market regulator ERSE proposed a 1% increase in regulated tariffs, which 820,000 households and businesses pay. This will also have an indirect influence on the market prices charged to utilities, said ERSE. The government has forecasted an inflation rate of around 2% for the next year.
India announces $77 billion hydroplan as China builds upstream Dam
Central Electricity Authority, India's power planning agency, has developed a transmission plan worth 6.4 trillion rupees (77 billion dollars) to move over 76 gigawatts in hydroelectric capacity out of the Brahmaputra Basin by 2047. This is to meet the rising demand for electricity.
Draft bill shows India plans to open the retail electricity sector to private companies nationwide
A draft bill from the federal ministry of power showed that India intends to open its retail electricity market nationwide for private companies, ending the dominant role of state-run distribution in the majority states. This move will enable private companies like Adani Enterprises (Tata Power)…
Milei's Argentinean counterparts could face challenges if Vaca Muerta oil production slows down.
The Vaca Muerta oil field in Argentina, which is the fourth largest unconventional oil reserve in the world, has plateaued due to low oil prices and increasing costs. This slowdown could complicate Javier Milei's political agenda. The Vaca-Muerta formation, located in western Argentina…
Source: India could cancel 3-4 GW solar tenders to avoid import restrictions.
An industry source said on Friday that at least 3-4 gigawatts in Indian solar projects could be cancelled because the government has directed clean energy agencies reissue bids to bypass import restrictions which will take effect next year. In a circular issued on Friday, the country's…
India warns renewable energy agencies against rushing solar tenders
According to a circular published on the ministry's website, India's Ministry of Renewable Energy has instructed clean energy agencies in India to cancel and reissue bids for government-funded projects that have been rushed to completion to circumvent rules. The majority of Indian companies use solar cells made in China, which are cheaper.
Maguire: Italy's economic troubles have an upside for the moment, a positive climate.
The persistent economic crisis in Italy has led to the lowest emissions in its power sector for decades. Climate activists need to be aware that economic measures could cause a rapid U-turn on pollution trends. Italy has been experiencing economic stagnation for over a decade. This has resulted in a steady decline of goods produced and exported…
Maguire: Italy's economic troubles have an upside for the moment, a positive climate.
The persistent economic crisis in Italy has led to the lowest emissions in its power sector for decades. Climate activists need to be aware that economic measures could cause a rapid U-turn on pollution trends. Italy has been experiencing economic stagnation for over a decade. This has resulted in a steady decline of goods produced and exported…