NG Bailey has bought Wakefield power engineering services contractor the Freedom Group. The £120m revenue contractor employs around 600 staff delivering works for the growing electricity distribution market. The expanded M&E services business will have an annual turnover of more than £600m and employ 3,600 people. Freedom works primarily for power companies across substations, overhead […]

New Delhi: With India bracing for a scorching summer, electricity spot prices will continue to surge in the near term, driven by both structural and seasonal reasons, Crisil Infrastructure Advisory said. This comes against the backdrop of the India Meteorological Department’s summer temperature forecast of normal to above-normal and likely heat wave conditions over the […]

PENNSYLVANIA: Retail electricity sales fell by 80 billion kilowatt-hours in 2017, the largest drop the industry has seen since the 2009 recession, according to the Energy Information Administration. Total sales in 2017 were 3,682 billion kWh. The drop in sales caused a drop in Pennsylvania’s collection of utility tax revenue, according to the Independent Fiscal Office. […]

INDIA: The inability to meet demand in the peak seasons due to a mismatch between renewable energy generation curve and insufficient domestic coal supplies has since long troubled India’s power sector. This year too the scenario doesn’t seem to be much different from the previous years. “We are staring at a huge problem because peak power […]

Declining costs for renewable energy, particularly onshore wind and solar with an 18% improvement in comparative costs, is putting pressure on fossil fuels in the energy market. According to research from Bloomberg New Energy Finance (BNEF), coal and gas are facing a mounting threat to their position in the world’s electricity generation mix, as a […]