Deepak Lathi’s Post

The CIS Energy Team just released our third paper, estimating the maximum impact on electricity bills of the shadow carbon price recently introduced by the federal and state Energy Ministers. Michael Wu’s modelling shows that this major regulatory change could add up to $855 annually to the average bill. This is because transmission and distribution companies can now use the carbon price set by the Ministers in cost-benefit analyses for major projects, inflating the value of uneconomic projects. Projects that previously would not have been approved can now be greenlit, with additional costs passed onto consumers. A carbon price in and of itself may be a reasonable method to propose for encouraging emissions reduction, however the lack of transparency or consultation on the prices unilaterally chosen by the Energy Ministers is cause for concern. Consumers deserve to have a say in the costs that will be passed on to them from major infrastructure projects. State and federal governments must be transparent with consumers about the bill impacts of their policy decisions or public support for the energy transition will continue to erode. You can read the paper here: https://lnkd.in/gqqttQzn

A latest report from the International Energy Agency (IEA) said that India’s total #electricity consumption is set to rise by around 8% in 2024. It also said that power consumption is set to the rise significantly in countries like #China, #India and the #UnitedStates (US). IEA’s latest report titled ‘Electricity Mid-Year Update’ talked about the global power demand trends. Read at https://lnkd.in/gVGEVUeS #solarenergy #windpower #renewableenergy

High levels of residual load in the UK tomorrow, wind power is expected to be more than 50% deviation lower from normal levels including low levels of photovoltaic production. We do not expect really big movement in prices. The reason for this is that we see expectations at the same time in Germany, Denmark, and the Benelux countries to receive increased wind power production and slightly lower prices in some areas. Very high levels of import to the UK from the Benelux countries including France and NO2 is expected and prices in these areas are expected somewhat lower for tomorrow due to higher wind power in general, normal residual load levels in France, above normal levels of photovoltaic production in the Netherlands and Germany including higher wind power production in both countries eases pressure on area prices and could limit strong development in prices for the UK as well through import flows. Hydro production levels above normal in the south of Norway and low levels of consumption due to the season makes room for max levels of export to the UK tomorrow as well as easing price pressure in the area #power #nordic #energy #UK #volue Marco Boninella

Electricity open access - which allows customers to procure electricity from different generators on the electricity grid - has been widely recognized as an important tool to enable competition in the electricity market. Despite its advantages, the introduction of open-access legislation and its implementation have been fraught with challenges. In the United States, the Federal Electricity Regulatory Commission (FERC) defined the regulatory structure for establishing open access in North America in 1996 through two major orders 888 and 889. Almost a decade later, India cautiously introduced open access to consumers through amendments to its Electricity Act in 2004. Today, Kenya recently released the Energy (Electricity Market, Bulk Supply, and Open Access) Regulations 2024, becoming one of the latest countries to legislate for open access. In this webinar, speakers from each of these countries explore the challenges that the US and India have faced and continue to address in setting up the open access rules, and how Kenya, South Africa, and other countries with recent legislations can anticipate and leapfrog similar challenges as they move from legislation to implementation. This webinar is part of the North x South Series (NxSS), an initiative of the Energy Opportunity Lab at Columbia University’s Center on Global Energy Policy. NxSS facilitates interdisciplinary multi-country dialogue on salient energy topics, identifying common themes and cross-learnings among countries in the global north and global south. You can register via this link: https://lnkd.in/dG-vzUKV

Checking in on Progress Many countries, including major electricity consumers like the United States, European Union, China, India, and the UK, have set ambitious goals to increase their solar and wind power generation capacities by 2030. However, data shows that most of these countries are struggling to keep up with the required annual capacity additions needed to achieve these targets. China stands out as the only nation currently on track to meet its 2030 goal, surpassing its required capacity additions in 2022. On the other hand, the US and India were the farthest from their targets, while European countries made progress but still require significant annual additions. #RenewableEnergy #Sustainability

Grids urged to modernize The International Energy Agency (IEA) has urged countries to invest more into modernizing and upgrading the electricity grid. In what it claims is a first report of its kind (https://lnkd.in/d94iWqBm), the agency finds that the world must add or replace 80 million km of grids by 2040, equal to all grids globally today, to meet national climate targets and support energy security. Demand for electricity is predicted to surge as many consumers switch to low-carbon alternatives such as heat pumps and electric vehicles. Companies in heavily polluting industries, including steelmakers, are also looking to electrification to help them decarbonize. The report identifies a large and growing queue of renewables projects waiting for the green light to be connected to the grid, pinpointing 1 500 gigawatts worth of these projects that are in advanced stages of development. This is five times the amount of solar PV and wind capacity that was added worldwide last year. “The recent clean energy progress we have seen in many countries is unprecedented and cause for optimism, but it could be put in jeopardy if governments and businesses do not come together to ensure the world’s electricity grids are ready for the new global energy economy that is rapidly emerging,” said IEA Executive Director Fatih Birol. “This report shows what’s at stake and needs to be done. We must invest in grids today or face gridlock tomorrow.” https://lnkd.in/dnJ-5NB3 #standardization #energy #electricgrid

The International Energy Agency (IEA) has carried out analysis of Britain’s existing power grids and has revealed that the country’s predicted electricity demand reveals that within the next 17 years, more than 600,000km of electric lines will need to be either added or upgraded across the UK. To meet this challenge, Britain will need to halve the time it takes to build and install pylons and cables for a new transmission project from 12-14 years to just seven. And unless there is a need for heavy investment to create a new reservoir of trained staff. https://lnkd.in/es_UTY3z #renewableenergy #greenenergy #energy

The Times UK writes, the International Energy Agency (IEA) warns in a new report that a failure to deliver approximately 50 million miles of new and replacement electricity grids that will be needed in the next two decades could jeopardise the transition to clean energy. Investment in power networks would need to more than double to $600 billion a year by 2030 alone to achieve this, the IEA said. Nearly 50 million miles of overhead or underground power cables are in use worldwide, comprising both high-voltage transmission and lower-voltage distribution networks. According to the agency, as the world seeks to cut emissions to avoid the worst extremes of climate change, electricity will play an ever more important role in the energy system, requiring “bigger, stronger and smarter grids.” EVs and heat pumps are increasing the demand for power, while countries are building new wind and solar farms that need to be connected to the network. The agency estimates that by 2040, based on countries’ announced energy and climate pledges, more than 30 million miles of new lines need to be built and more than 18 million miles of existing lines need to be replaced and modernised. It says that grid upgrades are already failing to keep pace with the deployment of renewable energies. It recommends action including overhauling regulatory and planning processes and supporting the developments of supply chains and workforces. “The wider public should be made aware of the need for this critical infrastructure and be enabled to help to find the balance between cost and impact on society and the environment,” it said. The agency warned that grid constraints were becoming a bottleneck in some areas and called for policymakers and companies to “quickly take action” to address the issue. “We must invest in grids today or face gridlock tomorrow,” Fatih Birol, executive director of the agency, said. Nick Winser, the UK’s electricity networks tsar, has called for a public information campaign and cash payments for those near new power cables. ⚡⚡⚡♻️ 👀 #energy #energytransition #renewables

Tel Aviv and Hawaii: A Tale of Two Green Energy Transitions What do Tel Aviv and Hawaii have in common? You might think of sun, beach, and warm people, but there is something else: both are undergoing major green energy transitions. The Reading power plant, a landmark of Tel Aviv's skyline for almost a century, will soon be converted into a green energy storage site, according to the Israeli Energy Minister. Meanwhile, Hawaii is also closing its last coal power plant and replacing it with a massive battery system that will store renewable energy and help stabilize the grid. This is part of Hawaii's ambitious goal to run on 100% green energy by 2045. It’s encouraging to see how different places around the world are embracing the future of clean and sustainable energy 🌍 https://lnkd.in/d4Qq4Sra https://lnkd.in/dkTVC4rw #energystorage #greenenergy

Per the Times UK, power cables long enough to reach from the Earth to the Moon 200 times over will need to be built globally by 2040 to hit countries’ climate goals, according to a new analysis by the International Energy Agency (IEA). Delays in developing the grid have become a big source of concern in many Western countries. For example, the British energy industry, with a huge queue of more than 250 GW of projects waiting for connections to the grid and new transmission lines taking a decade or more to deliver. Rishi Sunak described Britain’s lack of grid infrastructure as “unacceptable” last month and vowed to bring forward “comprehensive new reforms,” including a spatial plan for infrastructure deployment, faster planning consents for nationally significant projects and overhauling the queueing system for grid connections. The agency’s report shows that these issues are not unique to Britain, with at least 3,000GW of renewable power projects waiting in grid connection queues globally and about half of these in advanced stages. To Sum It Up: Fatih Birol, head of the IEA, said progress in clean energy “could be put in jeopardy if governments and businesses do not come together to ensure the world’s electricity grids are ready for the new global energy economy that is rapidly emerging.” Our Take 1: What's more likely to ocurr, Western countries finally "getting their act together" and pulling out all the stops to install or upgrade 50 million miles of power lines over the next 16 years... or politicians and voters deciding that the costs—piling up for what was supposed to be a glorious green transition—aren't the priority the IEA claims it is? Our Take 2: Nothing screams "we're not serious people" like insisting that literally dozens of various areas of investment are all simultaneously critical-path items to achieving a wildly unrealistic goal. And no one, other than maybe UN Sec Gen António Guterres, fits the bill of unserious clarion more than Fatih Birol of the IEA. #electricity #energy #energytransition 👀👇