Monday, October 25, 2021

Countries around the world facing an energy crisis in the face of gas, oil and coal shortages

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The crisis around the world has shut down power plants, rationed electricity and even restricted the use of office elevators

This winter, millions of households around the world will face little to no power as energy such as coal, gas, and oil are terrifyingly scarce.

The ongoing crisis in the UK has left some energy companies bankrupt and households and businesses struggling to pay the rising costs and bills.

China is rationing electricity in some areas – a move that has already been seen in India, where the situation could worsen as the country’s power plants run out of coal.

The global shortage of coal has also led to the shutdown of a power plant in Germany.

The electricity shortage threatens supply chains and raises the question of whether the switch to renewable energies should come sooner. Here are some of the countries and regions facing powering homes and warning of blackouts.

European governments are looking for solutions to protect households from steeper electricity bills before winter.

European gas wholesale prices have soared more than 500 percent this year as scarce gas supplies struggled to cope with high demand as global economies recover from the Covid-19 pandemic.

The crisis is also partly caused by “weather-related events, breakdowns in gas production facilities worldwide and speculative trading in the EU emissions market,” according to the American think tank Atlantic Council.

Many EU countries are planning market interventions ranging from subsidies to price caps to protect citizens from rising costs.

The subject will be high on the agenda of the EU leaders’ summit in Brussels next week.

Around 40 to 45 percent of UK electricity is generated from natural gas, the majority of which is imported from Norway.

The rise in gas prices has caused a number of smaller energy companies to go out of business, including Avro, Green, Igloo, Utility Point, People’s Energy, PfP Energy, and MoneyPlus Energy.

Some providers have stopped selling fixed energy tariffs – which are usually cheaper than standard tariffs – and have taken other measures to discourage customers from switching to their services.

Government ministers face demands from industry leaders to take “immediate action” to prevent companies from going under.

Economy Minister Kwasi Kwarteng held talks with industry leaders last week, and ministers and officials will continue to speak to businesses Monday and throughout the week.

However, the government has a deal with the carbon dioxide (CO2) Industry to continue to secure supplies after the rising gas price caused a large CO2 Manufacturer CF Fertilisers closed its two UK plants last month.

The country is now struggling with the petrol crisis, drivers spend hours at the petrol pumps, and many petrol stations are running out of fuel for customers.

The Bergkamen-A power plant in West Germany had to shut down last week after it ran out of coal.

Daniel Mühlenfeld, a spokesman for the energy company Steag, which operates the plant, said the strong demand for coal and after being transported by barge has led to the closure “.

The dependence on conventional electricity has also increased in Germany, as the wind power has decreased this year, which has led to an underperformance of the turbines.

Around 43 percent of German electricity consumption came from renewable energies from January to September, a decrease from 48 percent in the previous year.

A coal shortage has caused supply bottlenecks in some eastern and northern states of India, with households and businesses in the affected areas experiencing blackouts for up to 14 hours a day.

More than half of India’s 135 coal-fired power plants, which supply around 70 percent of the country’s electricity, are running out of fuel and only have about three days of supplies left.

Indian electricity company Tata Power reportedly sent text messages to customers in North Delhi on Saturday warning that supplies would be “critical levels” that day due to limited coal availability, urging them to “make responsible citizens” to be and to use electricity “judicially”. .

The company responded to a number of complaints from consumers who shared their frustration on Twitter over the weekend.

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