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Power

India’s power generation still far away from normal, says GlobalData

Due to the country-wide COVID-19 lockdown during April and May 2020 in India, electricity generation witnessed a reduction owing to reduced electricity demand. Subsequently, the year-on-year generation saw a reduction of 23.1% and 16.2%, respectively, during these two months. However, with the the lockdown easing out gradually, the year-on-year change has been about 15% lower […]
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Ontario Government’s extension of electricity relief measures will be beneficial in COVID-19 recovery phase

Based on the average cost of electricity, the government of Ontario decided to remove the initially decided fixed rate of CAD0.101/kWh and establish the COVID-19 recovery rate of CAD0.128/kWh until October 2020. This will provide customers with greater flexibility in using electricity without paying high peak or mid-peak prices, says GlobalData, a leading data and analytics company. Somik Das, Power Analyst at GlobalData, comments: “Having […]
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WWF Australia’s proposed renewables led stimulus package to revive economy post-COVID-19, says GlobalData

As the COVID-19 pandemic has brought the economy to a standstill, the World Wide Fund (WWF) Australia report suggests that the proposed investments in the renewable technologies are against the government-favored fossil fuel industry. The stimulus measures in the WWF report mainly focuses on the development of green technologies and strengthening the exports. The report […]
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Increase in electricity prices during COVID-19 might help Egypt restructure the economy and eventually remove subsidies beyond 2024-2025, says GlobalData

Egypt’s plan of cutting down on subsidies came after the devaluation of the national currency, post the three-year IMF program. As a likely measure to remove subsidies beyond 2024-2025, the Egyptian Ministry of Energy increased the electricity consumption costs for the residential sector by between 17% to 30% (19.1% average). The measure earlier was expected […]
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Wind project approval delays to hinder UK from achieving offshore capacity and emission reduction targets, says GlobalData

Delays in project approvals is likely to hinder the UK from achieving offshore wind capacity and emission reduction targets within the specified deadline. While there are no tangible signs that the UK Government’s long-term commitment to offshore wind is wavering, the delays in approval decisions are agitating developers, says GlobalData, a leading data and analytics […]
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Norway funds and bets on hydrogen as likely means to provide a green transition to a sustainable future, says GlobalData

Norway’s plan to invest US$384.5m as a green transition package is likely to aid the country on economic and environmental fronts. The environmental support would allow the country to achieve the Paris Climate Agreement target of limiting global temperature rise to less than two degrees by 2050. Alternatively, the economic thrust would help the country […]
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