June 6 NEC Energy News
¶ “Why Canberrans’ electricity bills are falling while other Australians’ power costs soar” • Australia is facing an energy crisis. Wholesale power prices are currently more than five times last year’s average price, sparking fears that some electricity retailers will collapse. But Canberra’s electricity price is going down because of renewable energy. [ABC]
¶ “IAEA Chief Working On Mission To Zaporizhzhia Nuclear Plant, Now Held By Russia” • Rafael Grossi, head of the UN nuclear watchdog, the International Atomic Energy Agency, said he is working on sending an international mission of experts to the nuclear power plant at Zaporizhzhia in Ukraine. It is Europe’s largest nuclear plant, and it is held by Russia. [Reuters]
¶ “Potential Electricity Reliability Concern For Central USA” • Higher electricity demand forecasts and potential lower supply raise concerns about tight reserve margins in the Midcontinent Independent System Operator balancing authority this summer. To ensure reliability, authorities plan for more available supply for the demand. [CleanTechnica]
¶ “Road To Zero Emissions Now Clear For Road Traffic” • The road to zero emissions from road traffic is becoming very clear now. That the solution is battery electric vehicles is now accepted even at most legacy carmakers. Only Toyota and a few of its friends still believe in an important role for hydrogen fuel cell technology. [CleanTechnica]
¶ “Financial Analysis: Faster Electrification Would Boost Car Company Stocks And Profits” • Car makers stand to increase their market value and profit margins by switching to EVs faster than they currently plan, according to a financial analysis of six car companies. It finds they could add €800 billion to their stock value if they transition quickly. [CleanTechnica]
¶ “Hit By Probe, Biden To Waive Tariffs On Solar Panels From Malaysia, Other SE Asian Countries For 24 Months” • President Joe Biden will declare a 24-month tariff exemption for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the US, sources familiar with the matter told Reuters. [Malay Mail]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.