The Vietnam Energy Association has said that the country’s power sector needs to charge consumers more and to rethink its pricing mechanisms in order to attract necessary investment. It estimates that the power sector needs an additional $80 billion of capital investment over the period 2010-15.
The World Bank has forecast further rises in the power tariff in Pakistan to bridge the gap between the cost of producing electricity and the revenue earned from consumers.
Generators at three power plants on Hawaii tripped off-line, triggering the power outage that affected about 63,000 customers on the island, according to a news release from the Hawaii Electric Light Co (HELCO).
Nigeria is working at delivering a full-fledged private power sector by June 2011. The policy shift appears to be a key deliverable that the present government wants to have in place before the next election.
The Chandrapur Thermal Power Station in Maharashtra, India, is being put back into significant service following its partial shutdown due to water shortages earlier in the year.
The Middle East’s electricity providers have been urged to introduce variable tariff schemes that charge consumers more for usage during peak hours in an effort to ease demand.
The Kentucky Public Service Commission in the USA has approved an electricity rate settlement that will result in a 17 per cent rate rise for typical residential electricity customers of Kentucky Power Company.
In the Bahamas, three of four large gen-sets that were off-line over the weekend, prompting load shedding that cut power to thousands of homes, have been repaired a week ahead of schedule.
The UK Government has announced a drop of nearly 7 per cent in the share of electricity generated from renewable sources. Despite a year-on-year increase of nearly a third of onshore wind power generation, the total amount supplied in the first quarter of 2010 as part of all sources fell by 6.6 per cent.