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The Latest Breaking News from Electricity

Gas prices are falling but your energy bills still won't be affordable any time soon

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.

The Conversation

South Africa's bailout of Eskom won't end power cuts: splitting up the utility can, as other countries have shown

The announcement by the South African finance minister, Enoch Godongwana, of debt relief for the country’s troubled power utility, Eskom, is a step forward. It will fix one problem: Eskom has too much debt. But the plan won’t end power cuts which have worsened in recent years.

The Conversation

Call to cut UK subsidies as Drax power station profits nearly double

Critics say power generator would make loss without public support as firm boosts dividend after 84% rise in profits to £731m

The Guardian - UK

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Climate emergency is regional jobs opportunity: Bowen

Another region is leaning into the offshore wind race as Australia ramps up efforts to replace ageing coal-fired electricity generators to reduce emissions.

AAP

UK moves to cut industry energy bills to help compete with European rivals

Long-awaited scheme aims to cut costs for 300 firms in energy-intensive sectors such as steel and chemicals

The Guardian - UK

South Africa's power crisis: going off the grid works for the wealthy -- but could deepen injustice for the poor

South Africa’s current electricity crisis has been described as “a perfect storm”. A number of factors have converged to reach this point: an ageing and inadequately maintained fleet of coal power stations, delays in upgrading the Koeberg nuclear power station and significant failures at the recently built Medupi and Kusile…

The Conversation

Check if you qualify for new £400 one-off energy payment as online application portal opens nationwide

Some 900,000 households can now apply for the lump sum online or over the phone.

Daily Record

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Vodafone signs second major corporate solar power purchase agreement

44% of its annual energy requirement will come from UK-based renewable power sources by 2025

Birmingham Post

We won’t be distracted from green targets - ScottishPower boss

Operating profit increased by 7.4% to reach £785m, although the retail arm reported losses

Insider UK

Australia's energy market operator is worried about the grid's reliability. But should it be?

The Australian Energy Market Operator (AEMO) this week released an update to its annual assessment of reliability, the so-called Electricity Statement of Opportunities. This has been reported as the market operator forecasting “power shortages”, or the network being “at risk of supply shortages”.

The Conversation

Households can only claim £150 winter heating bill discount up until end of this month

The deadline to make an application or challenge a Warm Home Discount Scheme claim is February 28.

Daily Record

Origin Energy looks to negotiate new takeover bid

A consortium keen to acquire Origin Energy has issued a revised offer the board of the electricity and gas supplier says has the potential to deliver value.

AAP

Alinta calls for new gas, green energy capacity as coal exodus threatens supply crunch in WA

Australian energy heavyweight breaks cover to call for new gas plant in the west as coal exodus threatens supply crunch.

ABC News

As the Colorado River shrinks, federal officials consider overhauling Glen Canyon Dam

LOS ANGELES — The desiccation of the Colorado River has left Lake Powell, the country’s second-largest reservoir, at just 23% of capacity, its lowest level since it was filled in the 1960s.

Los Angeles Times

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Reuters

Electricity bill increase pushes crisis weary Sri Lankans to the brink

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can't afford to pay for electricity but can't manage without it so goes deeper into debt to keep it on.

The Times of India

India invokes emergency rules to avoid blackouts this summer

NEW DELHI: The government is invoking an emergency rule that will force some of the country’s biggest coal power plants to operate at full capacity, as the country prepares to meet surging electricity demand and avoid blackouts.

ABC News

AEMO warns of NSW power gaps within three years, calls for 'urgent' investment in grid

The state is set to bear the brunt of reliability gaps in Australia's biggest power system as mass coal-fired power exits hit.

The Conversation

Radioactive waste isn't going away. We've found a new way to trap it in minerals for long-term storage

There are around 440 nuclear power plants operating in 32 countries around the world, supplying some 10% of the world’s electricity. Another 60 reactors are under construction, and 300 more are proposed.

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AAP

Energy market operator plugs fix for 'reliability gaps'

The Australian Energy Market Operator warns electricity grid reliability is in doubt over the next 10 years without timely investments to replace coal plants.

The Guardian - AU

Australia at risk of electricity supply shortages as renewable projects lag behind coal plant closures

Successive La Niñas have eased demand but, with many renewable and storage projects now delayed, the energy market operator has revised its projections

The Times of India

Adani Group decides against bid for stake in power trader PTC

MUMBAI: Billionaire Gautam Adani has decided against bidding for a stake in state-backed electricity trader PTC India, people familiar with the matter said, as his business empire looks to preserve cash amid criticism from a US short-seller.

Irish Mirror

'I'm an ex-builder and this €4 window sheet hack could save you hundreds on your energy bills'

The cost of living is at an all-time high and electricity bills have almost doubled in a year

Asharq Al-Awsat

Saudi Arabia Vows to Take Legal Action Against Unlicensed Energy Use

As Saudi Arabia continues to push for energy efficiency, rationalization of consumption, and adherence to sustainability standards, the Saudi Ministry of Energy vowed to hold accountable those who waste oil products, or transfer them to various facilities for the purpose of generating electric power without obtaining the necessary licenses. In…

Irish Mirror

Pinergy becomes first Irish energy provider to drop prices as wholesale costs fall

The move is the result of a fall in the wholesale cost of gas

Daily Record

Scotland's most vulnerable people left unable to afford life-saving medicine amid cost of living crisis

One man with diabetes and epilepsy couldn’t afford to top up his meter so was left with no electricity and had to throw out the insulin in his fridge.

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