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11.02.26 - 20:12
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Wake up Labour MPs: price of electricity is crisis for industry and growth | Nils Pratley (The Guardian)
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Centrica boss's 2030 prediction is not controversial, but government's strategy hardly adds up to one to prove him wrong The price of electricity is less entertaining than a bout of leadership plotting but Labour MPs, if they lifted their gaze, could note that the boss of one of our largest energy companies made a significant prediction this week. British electricity prices in 2030 would be higher than they were in 2022 after Russia's full-scale invasion of Ukraine, said Chris O'Shea, the chief executive of British Gas-owning Centrica. If he's right, the implications may matter more for those MPs' re-election prospects than if or when the prime minister goes.O'Shea was not making a point about net zero. He was merely saying all options for the necessary upgrade of the country's energy infrastructurewere expensive. “We've underinvested in the system for many years, and whether it's the cost of building a new gas-fired power station or a new windfarm, the costs have gone up,” he said. Continue...
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11.02.26 - 15:54
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Electricity Demand Is Surging, The Grid Isn′t Ready: IEA (ZeroHedge)
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Electricity Demand Is Surging, The Grid Isn't Ready: IEA
By Tsvetana Paraskova of OilPrice.com
International Energy Agency says global electricity demand is growing at its fastest pace in 15 years, set to rise more than 3.5% annually through 2030.
While renewables, nuclear, and natural gas are expanding rapidly, grid infrastructure is becoming the key bottleneck, with over 2,500 GW of power and load projects stuck in connection queues worldwide.
Grid investment must rise about 50% above current levels to keep pace, with BloombergNEF and Goldman Sachs warning that persistent grid constraints could trigger power shortages and even undermine the U.S. position in the global AI race
Global electricity demand is rising at the fastest pace in 15 years and will continue to do so at least until the end of the decade as AI infrastructure, advanced manufacturing, and electrification have ushered in The Age of Electricity, the International Energy Agency (IEA) says.
Global power demand is ex...
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11.02.26 - 08:54
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New German Law Could Force Green Energy Developers To Fund Grid Links (ZeroHedge)
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New German Law Could Force Green Energy Developers To Fund Grid Links
Authored by Michael Kern via OilPrice.com,
Germany is proposing that renewable energy developers pay for connecting to the grid in new regulations that would replace the current system of first-come, first-served, Reuters reported on Monday, citing a new draft law it has seen.
The current congestion in the queue for grid connections and the regulations allowing the first applications to be connected is slowing renewables expansion.
“Connecting generation, storage, and consumption facilities to the electricity grid is facing ever greater challenges,” says the bill proposed by Germany's economy and energy ministry, as carried by Reuters.
“In particular, the ongoing flood of applications from large-scale battery storage systems is overloading grid operators and blocking other grid connection applicants,” according to the bill.
Apart from having renewable energy developers pay for connecting to the grid,...
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10.02.26 - 16:45
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Winter Storm Triggers $15 Billion Power Surge On Key U.S. Grid (ZeroHedge)
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Winter Storm Triggers $15 Billion Power Surge On Key U.S. Grid
A brutal January cold snap sent electricity prices soaring across the largest U.S. power grid, as operators scrambled to meet surging heating demand and prevent outages, according to Bloomberg.
On the PJM Interconnection system — which supplies power to roughly one-fifth of Americans — wholesale electricity costs reached $15.38 billion for the month, more than double the $7.34 billion recorded a year earlier, according to Joe Bowring of Monitoring Analytics LLC.
The early figures suggest households could soon face higher utility bills, a sensitive political issue after energy prices influenced several gubernatorial races last year. The spike came alongside sharply rising natural gas prices, which hit multi-year highs across much of the East Coast and set records in some regions.
Bloomberg writes that despite the strain, the grid largely held up during the extreme weather. “happy surprise,” said Judy Chang of the Federal Ene...
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