BLOOMBERG Power traders in China’s Shandong province can now ask to be paid for taking electricity as the province’s growing rooftop solar capacity threatens to overwhelm the grid. The province officially set the lowest price on its spot market below zero, according to a draft rule released by Shandong Development and Reform Commission. Negative prices that encourage generators to switch ...

BLOOMBERG Coal India Ltd., which accounts for about four-fifths of the nation’s output of the fuel, is aiming to boost supplies to power plants this summer as unusually hot weather drives electricity demand. The state-run miner is increasing coal output and building stockpiles at its mines this month to meet supply commitments, the company said. Electricity consumption is set to ...

BLOOMBERG Off the coast of New England, winds whip over the frigid Atlantic Ocean creating perfect conditions for giant offshore turbines. While plans are in place to tap that natural power to generate electricity, progress — here and around the world — is being held up by soaring inflation. As investment foundations crumble due to rising interest rates and higher ...