Energy

  Bloomberg South Africa published proposed changes to the electricity regulation act that will facilitate the opening of the national power grid to private generators. State-owned Eskom Holdings SOC Ltd. has been the dominant supplier of power to Africa’s most industrialized economy for nearly a century, but its inability to meet demand from its poorly maintained coal-fired plants has resulted …

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to …

  Bloomberg Europe will have 130 million electric vehicles (EVs) on the road by 2035, according to a joint report from Ernst & Young and the electricity industry trade association Eurelectric. The report’s projections show Europe’s EV fleet growing from its current base of less than 5 million to 65 million by 2030 and then doubling over the following five years. …

  Bloomberg European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990, and Morgan Stanley says there’s a “meaningful …

  Bloomberg European power prices extended last week’s drop, tracking natural gas futures lower as Russian supplies of the fuel are increasing. German and French electricity for March slid about 7% each on Monday on the European Energy Exchange AG, adding weight to the notion that the market has moved beyond the worst of the energy crisis. Traders are keeping …

  Bloomberg One of the world’s first bulk ships to run on liquefied natural gas will deliver its first cargo of iron ore to Northeast Asia later this month, according to charterer BHP Group Ltd. The Mount Tourmaline is currently being fueled with the super-chilled gas in Singapore and will sail this week to Australia to pick up an iron …

  Bloomberg Texas’s power grid passed its biggest test since last year’s deadly blackouts, keeping most lights on during a wintry blast. This storm, however, was far less severe than last year’s monstrous one, leaving questions whether the state is really ready for another deep freeze. While reforms politicians enacted in the past year did help keep power plants running, …

  Bloomberg Companies are defending Britain’s net-zero plans as the best way to resolve the energy crisis in the long term, after a report that close advisers to the prime minister are warning that a rethink of the policy is needed. Chief executives of SSE Plc and the UK arm of Siemens AG said that a faster pivot toward renewables …

  Bloomberg The US and Japan are close to an agreement that would partially remove tariffs imposed on Japanese steel imports in 2018, Kyodo reported without saying where it got the information. The two countries haven’t finalised the size of a tariff-free import quota and some other details, Kyodo reported, citing anonymous sources. Japan has been calling for a complete …

  Bloomberg Chancellor Rishi Sunak announced a raft of measures as the UK government sought to get a grip on a burgeoning cost-of-living crisis, with millions of Britons facing record increases in their energy bills. “The government is going to step in to directly help people manage those extra costs,” Sunak said in the House of Commons, saying his intervention …