industryterm:electricity prices

Low prices cause redistribution of hash rate.
▻https://hackernoon.com/low-prices-cause-redistribution-of-hash-rate-155959e1ee88?source=rss----

https://cdn-images-1.medium.com/max/640/0*v37LpRlfc7-WaMOU.png

Low Prices Can Cause Redistribution of The Hash RateThe vast portion of mining power is sourced from China.The recent slump in coin prices has led to concerns over the feasibility of mining operations. However, mining operations are still profitable in some parts of the world; the lower Bitcoin price is making way for diversification in the mining industry by enabling the growth of farms in countries with electricity prices that are lower than the energy costs in China.While a few Chinese mining facilities have been able to lock direct deals with power providers, thereby giving them access to discounted energy supplies, the average kWh rate in China stands at $0.08. Bitcoin’s current difficulty makes it difficult for most major miners, including those in China, to break-even on operating (...)

#decentralization #hash-rate #cryptocurrency #blockchain #technology

Turkey blames sabotage, cyberattacks from US soil for power cuts — RT News
▻https://www.rt.com/news/372957-turkey-power-grid-hacking

Sabotage of underground powerlines and cyberattacks originating in the US were contributing factors in the power outages which Istanbul and other parts of Turkey have been experiencing since last week, the country’s energy minister said.

“Yesterday, we faced an intense, US-originated cyber attack. These attacks have been carried out systematically on different parts of the Energy Ministry, but we have repelled them all,” Turkish Energy Minister Berat Albayrak said in an interview with A Haber TV.

He added that ministry staff responding to power cuts discovered sabotage of underground lines in three districts of Istanbul.

#Turquie #Electricité #Complot

AKP deputy opens electricity hike to debate in commission
▻http://www.hurriyetdailynews.com/akp-deputy-opens-electricity-hike-to-debate-in-commission-.aspx?p

Recent hikes in electricity costs have produced anger even among ruling Justice and Development Party (AKP) parliamentarians, prompting a defense from the Energy Ministry.

Turkish residents have been reacting to the recent 6.8 percent hike in electricity prices, AKP Bursa deputy Cemalettin Kani Torun said during a meeting of the Foreign Affairs Commission. “Almost half of the bill is for distribution costs.”

Electricity prices rose by 6.8 percent on Jan. 1 in Turkey.

In an information note signed by Deputy Energy Ministry Undersecretary Seda Sadık Aytekin, the Energy Ministry declared that rising costs in distribution and transmission, as well as the increase in the minimum wage, were to blame for the rise

#Turquie #Electricité

Turks usher in 2016 with hike in electricity prices
▻http://www.todayszaman.com/business_turks-usher-in-2016-with-hike-in-electricity-prices_408534.htm

Effective as of Friday, the hike will cover the costs of new infrastructural investments that will be made by power distribution companies during the year, according to the media.

“Distribution companies are responsible for [any malfunction] at grid circuits and electricity meters installed at doorsteps. … The EPDK will ensure the extra burden will be returned to consumers as [more quality] service,” reports cited energy officials as saying.

The latest hike came at a time when flaws in recently privatized national electricity network came under the spotlight. According to data from the Federation of Consumer Unions (TBF), planned power cuts made by the 21 distribution companies across Turkey totaled 72,250 hours in November alone. The number of hours in unplanned outages, however, is unknown.

The government privatized companies that supply electricity to the national grid in Turkey in September 2013 in a bid to reduce unit electricity prices as well as ensure energy security. But flaws in distribution have been common since then.

“They do not invest. There is neither maintenance nor inspection. Public institutions should immediately launch strict inspections. But power companies have been complaining all the time recently,” Hüseyin Yeşil, the president of the Chamber of Electrical Engineers (EMO), earlier told Today’s Zaman.

Electricity theft here to stay

A recent alteration that was made in energy market codes, however, will seemingly ensure the persistence of illegal electricity use across the country.

According to an amendment that entered into force on the last day of 2015, distribution companies that sustained more illegal electricity consumption than the national average in 2014 will be regarded as a “large-loss company” until 2025.

Commenting on the new regulation, EMO head Yeşil said: “This change says ‘well done’ to those companies with high illegal electricity records and creates new options for them.”

Abdullah Tivnikli, a businessman known for his close ties to President Recep Tayyip Erdoğan, said early this year he wants to exit his partnership with the Dicle Electricity Distribution (DEDAŞ) in order to avoid further losses due to the illegal use of electricity in the area the company operates in. “I have to leave this partnership, or we will be forced to have blackouts in the region to compensate for our losses,” Tivnikli said back then

#électricité #Turquie #Privatisation

Armenian Police Disperse Protest After 2 Weeks - The New York Times
▻http://www.nytimes.com/aponline/2015/07/06/world/europe/ap-eu-armenia-protest.html

Police cleared away barricades on Monday to unblock a central avenue in the Armenian capital that demonstrators had occupied for two weeks to protest hikes in electricity prices in the impoverished former Soviet nation.

Police also detained 46 demonstrators who refused to disperse, but released all of them quickly.

The protest organizers called on supporters to gather in the evening on nearby Freedom Square, but fewer than 1,000 turned up and they were outnumbered by police. Police have allowed demonstrations to be held on the square, where they don’t disrupt traffic, but they appeared determined to prevent the protesters from taking to the streets again.

Protesters renew march against electricity prices in Armenia - CAUCASUS
▻http://www.hurriyetdailynews.com/protesters-renew-march-against-electricity-prices-in-armenia.aspx

Street protests in the Armenian capital against a hike in electricity prices grew on June 23 evening, with an estimated 7,000 people joining a second attempt to march toward the presidential residence even after riot police had used water cannons to forcefully disperse demonstrators.

The number of riot police also increased, and helmeted officers holding shields stood shoulder-to-shoulder to block the protesters from moving farther down the central avenue in Yerevan. The protesters stood behind large trash containers that they had placed across the road as a barricade.

There appeared to be some progress toward ending the standoff late June 23, with the protesters agreeing to appoint several representatives to meet with President Serge Sarkisian. But after a long discussion, they changed their mind.

In the early hours of June 24, the street remained full of protesters, most of them young.

Yerevan’s deputy police chief, Valery Osipyan, told the crowd that all of the nearly 240 protesters detained early June 23 had been released, one of the demonstrators’ demands.

The unrest was the most serious that Armenia has seen in years, raising concerns about political stability in the impoverished former Soviet nation, which hosts a Russian military base and is part of a Moscow-dominated economic alliance.

Russian companies control some of the most prized economic assets in Armenia, including the power grid.

The protest was triggered when an Armenian government commission agreed to raise electricity rates at the request of the power company.

Russia was closely following the protests, Russian President Vladimir Putin’s spokesman said.

“Of course, we hope that in the near future the situation will be resolved in strict accordance with the law and that there will be no violations of the law,” Dmitry Peskov told journalists.

@rumor

#Electricité #Russie #Arménie

Price hikes in gas and electricity anger unions
▻http://www.todayszaman.com/business_price-hikes-in-gas-and-electricity-anger-unions_360448.html

Recent markups in gas and electricity prices have drawn a strong backlash from a wide range of unions that have warned authorities to take precautionary measures against additional increases in inflation, which stood at 9.54 percent last month.

#Gaz #Electricité #Prix #Contestation #Turquie

Egypt : Electricity prices to increase in July, says ministry | Mada Masr

▻http://www.madamasr.com/content/electricity-prices-increase-july-says-ministry

Electricity Minister Mohamed Shaker announced on Thursday a five-year plan to hike electricity prices in a bid to cut state subsidies for the sector, going into effect as of July.

Egypt to raise electricity prices before election | Reuters

▻http://www.reuters.com/article/2014/04/14/us-egypt-subsidies-idUSBREA3D01B20140414

Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the end of May, as the country has ’no time to waste’ in starting reforms, the planning minister said.

China may own UK’s nuclear stations | Climate News Network

▻http://www.climatenewsnetwork.net/2013/10/china-may-own-uks-nuclear-stations

Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices.

http://www.climatenewsnetwork.net/wp-content/uploads/Bridgwater_Bay_at_Lilstock_-_geograph.org_.uk_-_921596.jpg

LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own.

The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake.

#nucléaire #royaume-uni #chine

Le projet de hausse du prix de l’électricité en Jordanie est reporté d’au moins six mois
Household electricity prices to be raised in 2014 — Ensour | The Jordan Times
▻http://jordantimes.com/household-electricity-prices-to-be-raised-in-2014----ensour

Prime Minister Abdullah Ensour told deputies on Tuesday that electricity prices for household consumption will not be raised until early 2014, according to parliamentary sources.

#Jordanie
#électricité
#énergie

Jordanie
La Jordanie en proie avec les conséquences de la guerre en Syrie au Nord et les violences tribales au Sud, notamment dans la ville de Maan.

More Problems Than Ever
By: Tamer al-Samadi Translated from Al-Hayat (Pan Arab)

▻http://www.al-monitor.com/pulse/politics/2013/06/jordan-government-problems-ensour-syria.html

“To avoid the collapse of the economy, Jordanian Prime Minister Abdullah Ensour is likely to take harsh decisions in the coming period, starting by raising electricity prices, which would surely go beyond the gradual cancelation of subsidies on bread and other commodities. This is seen as an attempt to obtain a financial loan worth $2 billion from the International Monetary Fund (IMF). However, these decisions that have yet to be announced reflect the deep trouble Ensour is likely to face in the coming period. Ensour has an economic mindset. He was educated in the United States and France and his reputation has yet to be tarnished with accusations of corruption.

The biggest challenge facing the government — mired in economic and political complexities — is the bloody violence that has been gripping the city of Maan in southern Jordan for four days”.

(…) Official circles revealed to Al-Hayat that the Syrian file’s successive developments “urged powerful leading figures within the state to demand the current government’s dismissal and the declaration of the war cabinet as soon as possible in order to counter the repercussions of the Syrian disaster, [as] anticipated by the Hashemite Kingdom.”

Daily chart: Volts for volks | The Economist

▻http://www.economist.com/blogs/graphicdetail/2013/05/daily-chart-4?fsrc=scn/fb/wl/dc/voltsforvolks

Volts for volks

May 7th 2013, 17:01 by Economist.com

How electricity prices vary across what is supposed to be a single market

http://media.economist.com/sites/default/files/imagecache/full-width/images/2013/05/blogs/graphic-detail/20130511_gdc953.png

FOR Germans it is the cost of subsidising renewables. For Italians it is an overly protected domestic market. The reasons behind high electricity prices vary across Europe, a variation that seems strange given the ease with which electrical power can cross borders. Governments looking to give their economies a jolt might start here.

#énergie #électricité #europe

Electricity price hikes jolt popular backlash | The Jordan Times
►http://jordantimes.com/electricity-price-hikes-jolt-popular-backlash
Après les protestations contre le projet de centrale #nucléaire, la question du prix de l’#électricité suscite les protestations en #Jordanie, sur fond de critique contre la corruption.

From merchants to youth activists, popular opposition in Jordan is rising to hikes in electricity prices, which, they claim, are threatening to cost more than fils and dinars.

When the government approved new electricity tariffs passing an average 9 per cent increase to consumers earlier this month in order to cope with rising electricity generation costs, the move received a subdued response from citizens.

With the new prices days away from going into effect, activists and traders are gearing efforts to oppose a tariff structure they claim places an unfair burden on citizens.