Europe still faces shortage of gas supplies
U.S. senator urges freeze on Saudi relations
(see also senator’s press statement)
Global refinery capacity shortage
China intensifies post-holiday lockdowns
Coal prices retreat as shortage fears recede
EU explores more emergency energy rules
Iraq cannot afford to cut oil output ($WSJ)
Computer shipments drop sharply ($WSJ)
INDIA’s electricity transmission system is in a much healthier condition than this time last year. Power grid frequency has been kept much closer to its target of 50.0 Hertz indicating a much closer and more stable balance between generation and load. Frequency has only fallen below the acceptable threshold of 49.9 Hertz 3.9% of the time in the first ten days of October compared with 14.4% of the time in the same period last year.
Cooler temperatures have helped by reducing air-conditioning and refrigeration demand. Temperatures were -2.5°C below the long-term seasonal average in the first ten days of October compared with +1.0°C above average in the same period last year.
Coal inventories are also more plentiful ensuring generators can remain online. Stocks at power plants are currently 24.7 million tonnes compared with just 7.3 million tonnes at the same point last year:
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