Preston Timeyin Ideh’s Post

[𝐖𝐀𝐓𝐂𝐇] https://bit.ly/3N4ZHC5 This week's 𝐒𝐞𝐜𝐨𝐧𝐝 𝐓𝐚𝐤𝐞 discusses power utility Eskom's latest Multiyear Price Determination submission to the National Energy Regulator of South Africa, as well as the next steps. #Eskom #Nersa #electricity

More good news for South Africa's energy sector! The Energy Regulator has consented to the transfer of Eskom Holding's powers and duties to the new National Transmission Company, who will now enter into power purhcase agreements with independent power producers. In my personal opinion, the IPP Office should now be transferred to the new National Transmission Company so that procurement can be properly matched with transmission capacity. #ipp #epc #energyprocurement #southafrica #powertransmission #gridmodernization #gridstability https://lnkd.in/gdZKUB6A

𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐄𝐦𝐛𝐫𝐚𝐜𝐢𝐧𝐠 𝐎𝐩𝐞𝐧 𝐀𝐜𝐜𝐞𝐬𝐬 As Malaysia prepares for an open access power grid, John Yeap, Jonathan Fong and I have prepared an overview of the key benefits and issues. The key takeaways are: 🌿 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐑𝐨𝐚𝐝𝐦𝐚𝐩: Released in August 2023, this roadmap emphasizes the need for a transparent regulatory framework and wheeling fees to bridge the green electricity demand-supply gap. 🌏 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐇𝐮𝐛 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐧𝐬: Malaysia aims to become a renewable energy hub in Southeast Asia, driving cross-border energy trade and supporting the ASEAN power grid initiative. 🔌 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧: Open access introduces competition, enhancing efficiency and allowing any party to use the grid without discrimination. ⚡ 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐀𝐡𝐞𝐚𝐝: Key challenges include ensuring a transparent and fair playing field, maintaining effective regulatory oversight, managing grid integration to ensure new projects do not become delayed and ensuring that transmission bottlenecks do not occur. 📈 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐀𝐥𝐥: Open access can lead to competitive pricing, innovative services, and better grid utilization, benefiting consumers, producers, and the market. 🔍 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐫𝐞𝐞𝐧 𝐏𝐨𝐰𝐞𝐫 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭𝐬 (𝐂𝐆𝐏𝐀): The current mechanism does not take into account wheeling charges. An open access regime with a transparent pricing mechanism will enable power producers and consumers to derive cost reflective pricing for their CGPAs.

As Malaysia readies for an open access power grid, the country’s energy market needs to be aware of the possible challenges ahead in order to successfully navigate the change. John Yeap, Will Stroll and Jonathan Fong report on the hurdles and the benefits to open access. Read more: https://lnkd.in/eiHgdP-J #PinsentMasons #Energy #Electricity

It’s encouraging to hear Eskom report increased electricity generation capacity, and that may be true. However, the real reason for the improved electricity supply is the growing adoption of alternative energy solutions (rooftop solar), which are significantly reducing the strain on the grid. The reality is that the national grid and power plants are in a state of decay. Lines will burn, transformers will explode, pylons will topple, and substations will catch fire. And let’s not forget the ever-present risk of wet coal, coupled with Nersa allowing Eskom to raise the price per kW without much restraint. Create your own independence. Speak to us at Raptor Solar. Your investment will pay off, saving you money and keeping your home or business energised. Make that investment now - we’re here to help! www.raptorsolar.co.za | 📧 info@raptorsolar.co.za | 📞 072 543 0022

we know by now about the large scale project conditional approval between Australia and Singapore's EMA (energy market authority) to import up to 1.75 GW of clean photovoltaic energy for a period of up to 30 years. At a recent Asia Clean Energy Summit (ACES) 2024, the Singaporean Minister for Manpower and Second Minister for Trade and Industry noted that the project still has to validate both the technical and commercial viability of the proposed long distance cable link (which will be the largest in the world, even longer than the one envisioned in Morocco). the following is an example of how and why a HVDC electrical cable will make technical sense, as compared to a terrestrial AC high voltage grid transmission. https://lnkd.in/gUX8Zcfd Technology supplier: Hitachi Energy (Japan) https://lnkd.in/g3Wm67RK #solar #energy #technology

heavy electricity user regulation took effect in 2021. proposed amendments of the regulation is under discussion. MOEA stated that the discussion will be closed in Q1, 2024. according to current regulation, the first batch of heavy electricity users that are required to have 10% #renewableenergy consumption by 2025 are those whose contracted capacity is above 5000kw. proposed amendments include: -lower the contracted capacity threshold from 5000kw to 2000kw. -increase required renewable energy consumption obligation from 10% to 20%. -change the calculation base of obligation from contracted capacity to electricity consumption. #Taiwan ref. https://lnkd.in/gveSgJNU

We are thrilled to announce that we have won the first Request For Proposal (RFP) under Energy Market Authority (EMA)’s (EMA) new Centralised Process framework to build a 600MW hydrogen-ready Combined Cycle Gas Turbine (CCGT) – a win that will further reinforce the nation’s energy security, and also pave the way for our Net Zero future. With an estimated cost of $800 million, this project is set to safeguard Singapore’s future energy needs by supporting the nation’s electricity generation capacity by the 2028 to meet the growing electricity demand. Mr John NG, CEO at YTL PowerSeraya, expressed commitment about the company's central role in shaping the nation's energy landscape. "We are honoured to be awarded the first RFP and be entrusted with the responsibility of constructing the hydrogen-ready CCGT at PSPS. YTL PowerSeraya is committed to leveraging cutting-edge technology and sustainable practices to contribute to Singapore's energy security and environmental goals." Slated to be completed by 31 December 2027, YTL PowerSeraya’s CCGT will be at least 30% volume hydrogen-ready, with the ability to be retrofitted to become operationally 100% hydrogen-ready in future. As the combustion of hydrogen gas generates no greenhouse gases, this marks a pivotal step towards positioning our nation to achieve its long-term net zero emissions aspiration by 2050, under the Singapore Green Plan. Dato’ Seri Yeoh Seok Hong, Managing Director of YTL Power International said, “This project is fully in keeping with our commitment to invest for the long-term in low-carbon technologies, infrastructure and advanced energy solutions, enabling us to continue to provide the best outcomes for the benefit of our customers and communities where we operate. We are gratified by the faith and confidence placed in YTL PowerSeraya to build for the future and deliver this pioneering project in Singapore”. Find out more from our media release: https://lnkd.in/g4bPQ_uZ As we navigate the dynamic energy landscape, YTL PowerSeraya maintains a steadfast commitment to innovation to address the energy challenges of tomorrow, forging a more secure, and greener energy future for Singapore. #YTLPowerInternational #YTLPowerSeraya #GenecoSG #Sustainability #CleanEnergy #Innovation #PoweringTheFuture

Greece: ADMIE to invest 5.5 billion euros by 2034   Investments of 5.5 billion euros are included in the new 10-year Development Plan of the Independent Power Transmission Operator (ADMIE) for the period 2025-2034 which is to be put to public consultation in the next few days before being submitted for approval to the Regulatory Authority for Energy. In the new plan, reference is […] https://lnkd.in/dfw6rNN5

The EU Energy Market Monitoring Report to 2024 by the EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) highlights the slow implementation of smart meters as a barrier to unlocking power system flexibility across the region. Moreover, it also highlights that a further challenge to consumer participation is that almost three-quarters of EU households are on regulated fixed and market-based fixed electricity contracts and in many cases there are no real alternatives offered. Full report is at: https://lnkd.in/eYv_r4-U