The Energy Ministry of Thailand is set to finalise the first integrated energy plan for the country by the end of this year, officials have announced. The ASEAN country faces dwindling gas reserves, so the new strategy also aims to promote investment in alternative fuels to reduce import dependency.
North Yorkshire-based Drax has been hit with a £28 million penalty, the largest ever imposed by Ofgem. The British energy regulator also requested InterGen to pay £11 million for failing to meet energy saving targets for low-income households.
U.S. electric utility AES Southland is ready to install the world’s largest lithium battery system at its Alamitos Power Center in Long Beach, California, in an effort to provide backup peaking power. The battery will have capacity to deliver 400 MWh, equivalent to 100 MW of auxiliary power units, and can run for up to 4 hours.
Electricity supply shortages are affecting Libya's oil sector and compromise production at some of the country's largest oil fields. Hydrocarbon exports are vital to prop up the Libya's war-torn economy, but IMF analysts expect oil production will fall by another 20% this year.
In a stark warning about a capacity crunch, the Polish energy regulator URE said installed power generation capacity could fall short of meeting up to 1.2 GW of peakload demand, particularly between January next year and 2016.
Earnings of German utilities stay squeezed as power prices continue to drop for baseload and peak power contracts, both on a forward and on a settled basis. Societe Generale analysis anticipates prices are unlikely to recover in the next several quarters.
To curb subsidies for oil used for power generation, the Indonesian government must push for increased production of natural gas as a replacement fuel, the Oxford Institute of Energy Studies (OIES) argues in a recently published paper. “Natural gas can play a powerful role in reconfiguring the country’s energy mix and make a positive long-term change to its energy landscape,” said Siew Hua Seah, research fellow at OIES and author of the report.
The German government is considering imposing CO2 limits on power producers in a bid to promote the use of cleaner-burning natural gas. However, energy minister Sigmar Gabriel was quick to stress that such plans would not force old coal-fired generators to shut down.
Natural gas consumption in the UK is due to hit a 9-year low this month, as unusually warm weather conditions in November and low sparks-spread for gas-fired power plants curtails the usage of the fuel and leaves storage inventories full up, National Grid data shows.
Together with the industry partners Alstom and Rolls-Royce, DLR is enlarging its infrastructure in Cologne to develop environmentally-friendlier gas turbines. After a construction time of 18 months and an investment of some 50 million euros, the new high-pressure combustor test facility (HBK5) will start operation at the end of November 2014.
Regional grid operator ISO New England has declared that the northeastern U.S. is well placed to meet consumer demand for electricity this winter. However, it has raised concern that limited gas pipeline capacity may restrict the ability of power producers to procure gas for generating electricity.
National Grid's blackout prevention plan is in doubt after SSE's Peterhead power station, which is paid £250/MWh to provide electricity in an emergency this winter, has failed a test run.
LNG project developers in British Columbia have received the rates they will pay to power their liquefaction plants and facilities to assist them in setting out their final financial investment plans. Integrated Resource Plan, power provider BC Hydro indicated that it will need additional power sources by 2024, assuming an initial LNG load of 3,000 gigawatt hours per year.
State-run energy firm Ghana Gas is to pump an additional 30 million cubic feet of gas to the country’s Volta River Authority (VRA) in a bid to boost power output. Pipeline operator Ghana Gas Company suggested the increased supply will allow the VRA to produce an additional 100 MW of electricity.