Consumers are bearing the cost of an energy network that hasn't kept pace with the demands placed on it. Emma Ford, CEO of Eclipse Power, explains why consumers are paying the price for a lack of competition in energy transmission.
The South Korea Government has conducted a research study that has concluded that five power generation companies under Korea Electric Power Corporation (KEPCO) – East-West, Southeast, Southern, Western, and Central power companies – should be merged into a single firm. The government will draw up a restructuring plan in July.
The Ukraine Government has announced that it will hold a competition to award 1322 MW of new generation in the most energy-deficient region. Prime Minister Yulia Svyrydenko said that these include the Kyiv and Cherkasy regions (250 MW), the Sumy, Kharkiv, and Poltava regions (872 MW), Dnipropetrovsk (100 MW), and Odesa regions (100 MW).
According to a Citi Research report, India’s power sector is reaching the situation where its biggest challenge is no longer electricity shortages, but ensuring reliable supply during non-solar hours as renewable capacity rises rapidly.
Brazil’s Growth Acceleration Programme (PAC) is supporting 474 energy-related projects, involving a total investment of $47 billion.
The Asian Development Bank (ADB) has announced up to $50 billion for new energy initiatives by 2035 across Asia, aiming to connect power grids and expand cross-border electricity trade.
China has started construction of the Tibet section of an ultra-high-voltage (UHV) power transmission line that will transmit clean energy from Tibet to the southern coastal province of Guangdong.
Taihan Cable & Solution has announced that it has won a project to supply EHV submarine cables for a solar power generation project in Sinan County, Jeollanam-do, South Korea.
India’s power grid struggled on 18 April as peak electricity demand hit a record for April of 239 GW, driven by high heat and consequent high cooling demand. This demand was higher than last April’s peak, indicating a hard summer ahead.
The UK’s grid connection queue is being reordered according to readiness rather than arrival date. But the so-called Under Gate 2 reforms risks locking small developers and communities out of the energy transition.
By Simon Reilly, Chief Executive of Aurora Utilities