Category: electricity
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300,000 Israeli households have switched electricity suppliers
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Nearly 300,000 households have switched their electricity accounts away from the Israel Electricity Corporation (IEC) as of Monday, January 13, following the electricity reform, which was launched six months ago, Noga Electricity Systems Management, which manages the electricity structure, reported. Electricity in Israel. This number is three times higher than…
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Price of electricity to rise by less than planned
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The Israel Electric Utilities Authority decided to raise consumer tariffs by 3.5% in January. After studying responses to a public hearing on the matter, the Israel Electric Public Utilities Authority decided on a more moderate electricity tariff increase for 2025 than originally envisaged. The price of electricity to the consumer…
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Crypto Miners Arrested For Stealing Millions in Electricity: Thai Police Crack Down
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Police and electricity authorities in Thailand have launched a series of crackdowns targeting illegal cryptocurrency mining operations accused of stealing massive amounts of electricity. Raids in Chachoengsao and Surat Thani provinces led to multiple arrests and the confiscation of mining equipment worth millions of baht. How did you fall? According…
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Kenya Power drops plan for private firms to sell electricity in slums
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Kenya Power has dropped plans to tap private companies to connect customers in informal settlements and collect bills, following advice from the State Council and parent ministry. The company has now delegated the task to the state-owned Rural Electrification and Renewable Energy Corporation (Rerec), with Kenya Power tasked with ramping…
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UK data centre investment stalled by lack of electricity supply
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Investment in data centers in the UK is being hampered by delays in securing electricity supplies, according to David Sleeth, chief executive of Segro, one of the country’s largest commercial property developers. Speaking to Radio Times, Sleeth expressed frustration with long wait times for network connections, which can stretch into…
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Malaysian Electricity Company Hit Hard By Illegal Bitcoin Mining
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Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it is arguably a lucrative business for some, it impacts the local power grid. Some estimates suggest that you need up to 155,000 kilowatt hours (kilowatt-hours) of electricity just to mine…
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Malaysian Electricity Company Hit Hard By Illegal Bitcoin Mining
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Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it is arguably a lucrative business for some, it impacts the local power grid. Some estimates suggest that you need up to 155,000 kilowatt hours (kilowatt-hours) of electricity just to mine…
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Court freezes Sh96bn Ketraco-Adani electricity transmissions lines deal
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The Supreme Court has barred the government from signing a Sh95.68 billion deal to build electricity transmission lines for Adani Energy Solutions Limited, a subsidiary of India’s Adani Group. The Law Society of Kenya (LSK) has obtained an order charging the government with signing the Special Project Agreement with Adani…
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Cuba gets some electricity back after major power outage left millions in the dark
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Breadcrumb links PMN BMN Business Article writer: Associated Press Andrea Rodriguez Posted on October 19, 2024 • Last updated 2 hours ago • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content HAVANA (AP) — Some…
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Kenya seeks to stop sale of electricity in dollars
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Kenya is making another bid to stop bulk energy billing in US dollars and euros in a bid to lower electricity prices for households and mitigate Kenya Power’s foreign exchange losses. The country’s energy consumers often complain about high electricity tariffs, with some costs attributed to idle capacity charges to…
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100,000 customers switch electricity supplier
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Just over three months since the Ministry of Energy and Infrastructure’s electricity market reform took effect, the threshold of 100,000 customers in Israel changing their electricity supplier has already been crossed, which was the target of the end of 2024. 42,000 households and businesses have applied to change suppliers While…
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Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity
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Breadcrumb links PMN BMN Business Article writer: Associated Press Jennifer McDermott Posted on September 29, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content When Cindy Taff was a vice president at oil and…
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More signs that there won’t be enough electricity
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Today Latitude Media spoke with Peter Freed, former director of energy strategy at Meta (he left in April) and he talked about the massive amount of power that will be required for data centers. This is in addition to green transition energy and chronic underinvestment in the grid. “Most of…
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Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills
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The closure of a Bitcoin mining facility in the Norwegian town of Hadsel has led to a 20% increase in electricity bills for residents. The mine was shut down after the municipality refused to renew its license due to noise complaints. CryptoVault ran the mining facility for 20% of local…
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Kenya Power rations electricity on supply shortages
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Kenya Power cut off power to some customers in August due to insufficient power supply, raising fresh concerns about the country’s energy security. Indonesian Energy Minister Opio Wandaje revealed on Friday that the government is not prepared to meet the country’s growing demand for electricity. Mr Wanda said Kenya Power…
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Kenya Power rations electricity on supply shortages
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Kenya Power cut off power to some customers in August due to insufficient power supply, raising fresh concerns about the country’s energy security. Indonesian Energy Minister Opio Wandaje revealed on Friday that the government is not prepared to meet the country’s growing demand for electricity. Mr Wanda said Kenya Power…
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How you can trade your excess electricity with Kenya Power
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For the first time in Kenya, those who generate power for their own use but also have a connection to the national electricity grid can now sell their excess generation to the entire country through a concept known as net metering. A system that allows consumers who produce their own…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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Rural electricity scheme losses up to Sh56 billion
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The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…