Wednesday, October 27, 2021

Germany, China and India are fighting together with Great Britain against fuel shortages and rising energy prices

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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 or no electricity because supplies of coal, gas and oil for energy supply are alarmingly scarce.

In the UK, the crisis has left energy companies bankrupt and households and businesses struggling to pay rising costs and bills.

China is rationing electricity in some areas, a move India has already put in place that could worsen as the country’s power plants are nearly running out of coal. The global shortage of coal has also led to the closure 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.

These are the countries facing energy challenges.

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 tight gas supplies coincided with high demand as the world’s economies recover from the coronavirus pandemic.

According to the Atlantic Council, an American think tank, the crisis is partly caused by “weather-related events, breakdowns in gas production plants around the world and speculative trading on the EU emissions market”.

Many EU countries are planning market intervention measures. The subject will be on the agenda of a summit of EU heads of state and government in Brussels next week.

Some providers have stopped selling cheaper, fixed-price energy deals and are taking other measures to discourage potential customers from switching services from companies that have gone bankrupt.

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

Ministers are faced with 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 negotiate with companies throughout the week.

The government has reached an agreement with the carbon industry to ensure supplies remain available after rising gas prices forced a major carbon producer, CF Fertilisers, to shut down its two UK plants last month.

The Bergkamen-A plant in western Germany had to close last week after it ran out of fossil fuel.

Steag, who operates the facility, said strong demand for coal and barge transport had led to the closure, and told Bloomberg news agency that there were no logistical alternatives as the facility had no rail link.

The dependence on conventional electricity has increased in Germany after the wind power fell this year, which meant that the turbines were underperforming.

Around 43 percent of German electricity consumption came from renewable sources from January to September, compared to 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.

“There have been repeated blackouts in the past four days,” one Twitter user said on Sunday, while another wrote on Monday: “The blackout in my area was announced for 9:30 am to 2:30 pm. It’s 4 p.m., still nothing. “

The Prime Minister of Delhi, Arvind Kejriwal, appealed to the federal government to divert coal and gas supplies to utilities in the Indian capital.

“Delhi could face an electricity crisis,” he tweeted on Saturday, sharing a copy of a letter to Prime Minister Narendra Modi pointing out fuel shortages in power plants in and around Delhi.

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