Wholesale charges have fallen by about 30% from last year and that should start to flow to customers. : Melbourne: Australia's energy retailers face further government intervention in the market if they don't move to lower power prices for consumers after a drop in wholesale charges, according to Energy Minister Josh Frydenberg.Wholesale charges have fallen by about 30 per cent from last year and that should start to flow to customers, Frydenberg said Sunday on Sky News.
Monnet Power was set up in 2007 and has a 1,050-Mw thermal power plant in Odisha, but ran into trouble when the Supreme Court cancelled multiple coal mine licences in 2014.
As US communities shift away from fossil fuels, cities and towns are grappling with the challenge of just how much they can rely on renewable energy. Denton, Texas, aims to show the way.
World Bank sees global demand growth of metals fall from 4.2% in 2010-16 to 2.8% in 2018-27, agricultural commodities fall from 2.8% to 1.8% in the same periods.
Late last month, China's National Energy Administration published a notice regarding the 2018 Administrative Requirements of Wind Power Development. The Administrative Guidance for Competitive Allocation of Wind Power Projects was attached to the notice, signaling the launch of the auction mechanism for future wind power awards. In a new research note, MAKE Consulting, now part of Wood Mackenzie Power & Renewables, describes the potential impact of auctions on China's wind market. The free report is available for download here.
Iron ore leads robust growth among major minerals; bauxite production dips almost 9%: After staying stagnant or witnessing a downtrend since 2012-13, the value of major minerals produced in the country registered a sharp rise of 28 per cent to Rs 607.30 billion in FY18. Iron ore production, which touched a decade high of 210 million tonnes in last fiscal, led the robust growth in value of major minerals except coal, lignite and minor minerals. Total value of iron ore output was Rs 327.51 billion, higher by 30.2 per cent than Rs 251.38 billion in 2016-17.
Germany doesn't mind that its citizens have borne a disproportionate cost for developing the solar industry, a German energy official said Friday, because Germans benefit from developments in other countries, notably fracking in the United States.
Trade group says president's proposal would cost tens of billions of dollars. : Mostly cloudy skies early. Scattered thunderstorms developing late. Low 71F. Winds light and variable. Chance of rain 40%. Steam billows out of the stacks at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pa. in December.
Exelon Corp. President and CEO Christopher Crane praised the Trump administration Wednesday for taking action to shore up the nation's economically distressed coal and nuclear power plants to ensure grid resilience and reliability. As utilities across the nation increasingly shift to natural gas and renewables, "getting the market design right and looking at the resiliency is really a requirement that we need federal intervention on," Crane said on stage at the Edison Electric Institute's annual convention in San Diego.
In its latest effort to supersede market forces and pick winners of its own choosing, the Trump Administration is directing the Department of Energy to protect uneconomic power plants from market competition.