Author: Admin

Oil steady as tariff uncertainty keeps investors on edge

Admin
oil price

LONDON: Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. Brent crude rose by 10 cents to $70.46 a barrel by 1057 GMT. U.S. West Texas Intermediate crude was at $67.14, also up 10 cents. Last week marked WTI’s seventh consecutive weekly loss, the longest losing streak since November 2023, while Brent fell for a third consecutive week. U.S. President Donald Trump’s protectionist policies have roiled…

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Ontario imposes 25% surcharge on electricity exports to US

Admin
Power-sector

OTTAWA: The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump’s tariffs on Canada, Premier Doug Ford said on Monday. “President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American families and businesses,” Ford said in a statement. “Until the threat of tariffs is gone for good, Ontario won’t back down. We’ll stand strong, use every tool in our toolkit and do whatever it takes to…

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New Solar Panel Policy to be Presented to ECC Soon

Admin
soalr energy

Pakistan’s Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, has announced that a new solar panel policy will be presented to the Economic Coordination Committee (ECC) for approval soon.¹ This policy proposes that the national grid will purchase electricity from newly installed rooftop solar panels at a rate of Rs9.50 to Rs10 per unit. The minister stated that new consumers who use solar panels will be able to recover their investment within 4 to 5 years. He also emphasized that the government will honor existing agreements for rooftop…

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KE challenges Nepra over high fuel cost allegations

Admin
NEPRA-KE

ISLAMABAD: In a rare public spat, K-Electric on Sunday challenged the National Electric Power Regulatory Authority (Nepra) over allegations that its fuel costs were significantly higher than electricity imports from the national grid. The disagreement follows a special note issued last week by Nepra’s technical member from Sindh, Rafique A. Shaikh, who pointed out that K-Electric’s own power plants contributed 19 per cent to its energy mix in December 2024, while purchases from other independent power producers (IPPs) and captive power plants (CPPs) accounted for 7pc, and National Transmission and…

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