Government policies are pushing ever more Americans on to the U.S. electric grid even as the climate-change experiment makes the grid increasingly unstable. In August, Massachusetts joined California, New York, and Washington in passing laws to restrict the use of oil and gas in new home construction. Several states have also set dates for banning…
Ontario’s Goal to Decarbonize by 2050 Will Cost $400 Billion, Says Electrical Grid Operator
Ontario’s goal to shift completely from fossil fuel-based energy to green alternatives by 2050 will cost $400 billion and will require the size of the province’s electricity system to be doubled, according to the Independent Electricity System Operator (IESO). “Attaining a decarbonized electricity sector by 2050, alongside aggressive electrification, would require a system more than double the…
Decarbonizing Ontario’s Electricity Sector by 2050 Will Cost $400 Billion, Says Grid Operator
Shifting Ontario’s electricity sector away from fossil fuel-based energy to green alternatives by 2050 will cost $400 billion and will require the size of the province’s electricity system to be doubled, according to the Independent Electricity System Operator (IESO). “Attaining a decarbonized electricity sector by 2050, alongside aggressive electrification, would require a system more than double the…
Leading Electricity Operator to Speed up Renewables Rollout
November 8, 2022
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Transgrid, a power grid owner responsible for lighting up Australia’s three largest states along the east coast, has promised to beat an official timeline for delivering $10 billion (US$6.5 billion) worth of projects to embed renewable energy into Australia’s electricity market. Australia’s energy market manager AEMO expected these three transmission projects EnergyConnect, HumeLink, and VNI…
America’s Emerging Energy Crisis
March 4, 2022
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Commentary The warning signs are everywhere. We are stumbling toward an energy crisis that is likely to be far more severe and long-lasting than the upheavals of the 1970s. And no, this isn’t about Russia or Ukraine. This is about the perilous state of the U.S. electricity grid. If action isn’t taken soon to address the unraveling…
KKR, Allianz, Axa to Bid on Red Electrica’s Fibre Unit, Expansion Says
MADRID—KKR, Axa, and Allianz will participate in an auction for a 49 percent stake in the fiber-optic subsidiary of Spanish grid operator Red Electrica, newspaper Expansion reported on Monday, citing unnamed sources. The subsidiary, known as Reintel, could fetch between 1.2 billion euros and 1.3 billion euros ($1.4 billion-$1.5 billion), Expansion said, citing financial sources….
Brazil’s Eletrobras to Receive $500 Million in Regulatory Decision
Brazilian state-run utility Eletrobras said on Tuesday that electric sector regulator Aneel ruled that the company would receive a $500 million credit related to the “fuel consumption account” program. Centrais Eletricas Brasileiras SA as the company is formally known said in a securities filing that the ruling related to its affiliated companies Amazonas Energia, Eletroacre,…
Australia Faces Energy Shortfall This Decade As Coal Plants Retire
Australia may face a lack of electricity supply this decade unless a new generation is brought in to offset the exit of ageing coal plants, the Australian Energy Market Operator (AEMO) has said. In 2028, Victoria will see its 53-year-old Yallourn coal plant retire, taking with it 1,480 megawatts (MW) of power that currently provides…
Rapid Renewables Rollout Poses Critical Dangers to the Grid
As environmental groups and activists demand Australia do more to address climate concerns, energy experts have issued their own warning around Australia’s energy security amid an accelerated proliferation of renewable power. The Australian government’s Energy Security Board urged the prime minister and state premiers that Australia’s grid infrastructure was in need of a complete overhaul…
Renewables Push Could Blackout Australia Without Total Grid Reform
A total reform to Australia’s grid is urgently needed, or else the transition to renewables could spell disaster for energy security, says the government’s Energy Security Board. The board told state and federal leaders at the National Cabinet on Wednesday that Australia’s accelerated conversion from coal to wind and solar had to be accompanied by…
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