Germany may need to keep its fleet of mothballed coal-fired stations available for longer than expected as a drive to build new gas plants is severely behind schedule, grid operator Amprion GmbH warned. After Europe’s biggest economy shut its last nuclear plant in 2023, its power generation margin has shrunk. The coal plants are there to help...
Author: Bloomberg
UK Power Prices Surge as Freezing Weather Tightens Market
Power prices jumped after the UK’s grid operator issued a market warning for this afternoon as declining wind output crimps supply just as plunging temperatures boost demand. The three-hour notice period is set to begin at 4 p.m. London time when there’s an insufficient buffer between predicted supply and demand, the National Energy System Operator...
Japan Sees Nuclear as Cheapest Baseload Power Source in 2040
Nuclear power is forecast to be the cheapest baseload electricity source in Japan in 2040, highlighting the government’s desire to restart the nation’s idled reactors. The cost of constructing and operating a new nuclear power plant for 2040 is estimated at 12.5 yen ($0.08) per kilowatt-hour, according to documents released from a trade ministry panel meeting on...
Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades
Technology giants developing big artificial intelligence data centers in Texas will need to pay more for electricity infrastructure upgrades to prevent those costs from burdening households and other businesses, according to the state grid operator’s chief. Affordable power is “at the core” of the conversation that the Electric Reliability Council of Texas, the grid operator,...
US and India Should Do More With Critical Minerals
India and the US often describe each other as natural partners. In reality, collaboration between them usually fails to meet expectations. That seems likely to be the case with their new pact on critical minerals unless both sides focus on what exactly each can bring to the relationship. In a recently signed memorandum, the two countries agreed...