Net Metering’s Unseen Consequences November 12, 2024 Seeking Equity in Renewable Energy Transition By Asim Javed The National Electric Power Regulatory Authority (NEPRA) implemented Distributed Generation and Net Metering Regulations in September 2015, which enable consumers to connect photovoltaic systems to the grid. The objective of these regulations was to encourage the use of renewable solar energy and to allow consumers to lower their electricity bills by utilising the grid as a virtual battery. Solar households can transfer surplus energy to the grid during the day and retrieve it at…
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NFEH, Energy Update’s joint visit to SECMC
NFEH, Energy Update’s joint visit to SECMC November 12, 2024 Empowering Thar: Sustainable Coal Mining and Community Welfare In a notable initiative underscoring the growing emphasis on sustainable development, a joint team from the National Forum for Environment and Health (NFEH) and Energy Update recently visited District Tharparkar in Sindh province. Hosted by the Sindh Engro Coal Mining Company (SECMC), the visit centered around Pakistan’s largest open-pit coal mining site, located in block-II of Thar coal, within the town of Islamkot. The delegation was taken on an insightful tour of the coal mining site…
Read MoreSaudi crude oil supply to China to fall in December on weak demand
SINGAPORE: Saudi Arabia’s crude oil supply to China is set to fall to about 36.5 million barrels in December, trade sources said on Monday, on weak demand from the world’s largest importer. This is a second straight month of decline and the lowest volume since July, down from about 37.5 million barrels that Chinese refiners are expected to receive in November and about 46 million barrels in October, trade data collated by Reuters showed. China’s state majors Sinopec, PetroChina and Sinochem will be lifting less crude in December while Saudi…
Read MoreOil prices steady ahead of OPEC report, China stimulus limit gains
Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In a flat price environment that is stalled, supply and demand become even more magnified and at present it would appear that oil market participants do not like what they see,”…
Read MoreBitcoin nears a record $90,000
Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funneling cash into assets they think will get a boost from Trump’s second four-year term in office, in which he has vowed to raise tariffs on imports from key trading partners, as well as bring in tax cuts and looser regulations. Bitcoin, the world’s biggest cryptocurrency, was trading just shy of a…
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