Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids.
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HOUSTON, March 3 (Reuters) - Eight energy companies have failed to pay nearly $1 billion for power and services during February’s deadly power blackout in Texas, the state’s grid operator said this week, and the costs are likely to fall on consumers.
A winter-storm surge in demand saddled the companies that sell, transmit and generate electricity in the state with about $47 billion in costs as fuel prices soared. Texas consumers will see higher prices as the unpaid fees are passed along to remaining providers.
Power grid operator Electric Reliability Council of Texas (ERCOT) last week said grid users it did not identify had failed to pay $2.46 billion due. ERCOT identified eight companies that had failed to pay a total $930,000 this week, including Brazos Electric Power Cooperative.
Texas' power grid operator Electric Reliability Council of Texas (ERCOT) said on Thursday outgoing Chief Executive Bill Magness informed the ERCOT board he will not seek or accept severance pay.
Rural power supply duration rose to 18.5 hours a day: Union minister RK Singh
Singh explained that some of the major reform initiatives which the Ministry of Power has recently undertaken include Universal Access to Electricity.
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NEW DELHI: Average rural power supply duration increased from 12.5 hours in 2014-15 to 18.5 hours in 2019-20, Power Minister RK Singh has said.
A statement said that the minster was addressing the Power Ministry Parliamentary Consultative Committee in a meeting on Wednesday. RK Singh, Minister of State ( Independent charge), Ministry of Power has informed that the average rural power supply duration has increased from 12.5 hours in 2014-15 to 18.5 hours in 2019-20, it said.
Texas's state power regulator on Friday unanimously vetoed a request to reduce skyhigh power prices during the final day of the state's February freeze, saying even a partial repricing could have unintended effects.