GHOST’s Post

Extra cost of $4 million Japan’s Eneos Group paid $3.975 million in an auction Wednesday to secure the crossing, bidding documents show. That comes on top of the regular transit fees companies pay, which can be hundreds of thousands of dollars more. How can #artificialintelligence save this cost? If we could analyze climate data, particularly sea level changes then atleast we could get an indication. But climate is highly unpredictable. There are alternate route but is extra cost of $4m worth it? #supplychain #logistics

Yesterday, the new Viking Link, which will connect the UK and Danish power markets with a 770km sea cable, began its first operational tests. It allows for a transmission of electricity in the amount of 1.4 GW and will be fully operational at the end of the year. Trading will be performed on an auction basis with a day-ahead auction at 9:50 CET followed by four intraday auctions. Later on, traders will be able to buy capacity in long-term auctions. More information on trading procedures can be found here: https://lnkd.in/dVcntTDM. The trading itself will be performed on the JAO platform (https://www.jao.eu/) In our chart, we are looking at the typical day-ahead price curves in UK and DK1 and the spreads the market participants will be able to trade on the interconnector. Please note that the prices are both in local time. The daily price spreads between the two markets are quite significant. As you can see, Denmark is quite significantly cheaper in the early afternoon hours and the main flow will be exports to the UK market. However, it will be quite an operational hassle to link auction-based trading with continuous intraday trading. But as we all know, this also means lots of opportunities 😀

Sardinia twice the cheapest market in Europe, delivery for both the 15th and 16th of December down to 0 euro/MWh in the spot exchange around noon due to decent wind (top right chart) and reductions on the DC cable connecting the island with Italy Centre_South. Italy offers in intraday the combination of continuous trading on XBID with 3 intraday auctions: this set-up will be adopted by the whole SIDC area by mid of 2024. The bottom right chart shows the development of the prices in the spot (black line) an in ID1 (10 euro/MWh), ID2 ( 30 euro/MWh) and ID3 (0,5 euro/MWh). #EnAppSys #Montel

7 days short trip back to China, visited GuangDong Fair, visited several kiosks for equipments fast charging. Visited city Shenzhen which has over 80,000 private own electricity cars. Guided tour on one new site just opened on September with 42 charging spots investment of 2.7 million RMB. Very nice design and efficiency, but of cause with many issues to be improved. I have researched on websites for regulations for Canada charging site and Quebec, but very limited information. 1. What is the qualifications to own and operate charging site. 2. Any standard application for all mark of EV to charge at different locations. 3. One flat rate or peak charge from Hydro QC? 4. Does any subvention exists encore for infrastructure electricity equipment from Hydro QC or any governmental level?

This is pretty amazing, all hours in all price zones except one hour in one zone are negative tomorrow! However, it also asks the question, how will this market behavior further investments in the well needed new production capacity to drive the energy transition? Also if revenues for wind farms are negative when they produce at peak, how will that affect OEM suppliers?

March sees MEUG commenting on the Commerce Commission's reset of Transpower New Zealand and the 16 regulated EDBs price quality paths for 2025 - 2030, and considering how best to balance the need for investment to support electrification, against consumer price shock and uncertainty. The MEUG public calendar for the 8 weeks ahead is available here: https://lnkd.in/gBDsmVWq John Harbord Karen Boyes #electricityforareason

The increase will be made in two phases.

Of note, retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price. As of January, it was losing about VND 142.5 per kilowatt-hour sold. This has been ongoing for some time and has led to EVN accumulating the huge aforementioned losses. The issue here seems to be a reluctance to raise electricity prices rather than an inability to do so...

Top Five Cheapest Ways to Move Across The Country

Top Five Cheapest Ways to Move Across The Country