Financial Oversight & Management Board for Puerto Rico’s Post

How does the energy problem arise? is 2024 never progress PR it is still scientifically not known that thermodynamics does not study pure metals, it is incomplete and all technologies based on thermodynamics for energy production have limits, generate resistance, heat, dissipate energy and losses of more than 40% in energy production are certified by Julies' scientific law. There is a solution to a scientific energy problem:... Yes... Scientifically, an electric current through a loop of superconducting wire can persist indefinitely without any source of energy. The Puerto Rican inventor Eddie made the new QHBG uses the basis of superconductivity as a 190% efficient and versatile energy source that can be produced for all renewable and non-renewable industries. https://lnkd.in/e-9EZHZf Empere® provide the new QBHG plant emits zero greenhouse gases, advanced superconductivity generates 0 resistance effect without losses, they are more than 190% efficient, without using fuel, a solution to decarbonize sectors such as all industry and energy generation. Need consultation www.empere.co www.empere.net Thanks inventor eov.

💡 Energy Market Liberalisation: The Price Dilemma 🔍 As the Ministry of Energy paves the way for energy and gas market liberalisation, hopes for lower prices surface. But will these expectations materialise? 📉 Proposed legislative changes aim to shift from centralised procurement, potentially reducing prices from 450 lei per megawatt (MW) to 400 lei per MW. However, practical uncertainties linger. #EnergyMarket #Liberalisation #PriceDilemma #ANRE #EnergyPolicy #NineOClock

The Victorian Government is set to introduce legislation allowing offshore gas storage projects to improve gas supply security and reduce gas demand. This new bill supports Victoria’s energy transition by enabling consultation on electrification and household savings, ensuring the voices of industry and community are heard. The amendment will allow gas to be stored in offshore reservoirs, increasing supply reliability and supporting gas-powered electricity generation. Read about it here - https://lnkd.in/gqaKESFx Source: Energy Magazine Author: Sarah MacNamara #GasStorage #EnergyTransition #OffshoreEnergy #ElectricHomes #AusEnergy

"Long Duration Energy Storage: get on with it" That's the title of the UK parliament's House of Lords Science and Technology Committee's report into long duration energy storage (LDES) published today. Key recommendations include setting an explicit minimum target for LDES (vital for sending clear signals to the market) and the need for urgent action on grid connection and planning delays. The report is particularly timely as it comes the day after the UK government appeared to backslide with an unhelpful and unnecessary re-emphasis on the role of gas peakers. We don't need unabated gas to provide energy security, in fact we don't need gas at all, but the UK and other governments need to act now. As the committee says 'get on with it'. https://lnkd.in/eHBy_dZg

Do you know the changes to the Electricity and Gas Act? According to the Ministry of Trade and Industry (MTI) and Energy Market Authority (EMA), energy landscape will “change significantly”, including in planning for infrastructure development and how energy markets are regulated. Find out on the risk and changes under the regulatory framework that will impact owners and companies: https://lnkd.in/ekB_ts32

Gas prices continue to exert significant pressure on energy costs in the UK, affecting both households and businesses. As we transition to renewable sources, it's crucial to address the reliance on gas to stabilise energy prices and enhance sustainability. This situation underscores the need for a diversified energy strategy that includes investments in renewables, energy efficiency, and innovative technologies. For more insights on this pressing issue, check out the full article. https://lnkd.in/g89-zK4q

The last couple of days seem to have coincidentally yielded a strong focus on connection and innovation. One of the best things about the Australian Institute of Company Directors members lounges (aside from the warm welcome, on-tap coffee and quiet space to work) is the fascinating people to meet. Today, I was delighted to bump into the amazing Christopher Brown GAICD FAMI whose work on innovation and ethical thinking in design would resonate with Simon Currie’s sentiments. And neuro-oncologist Dr Leanne Elich was on hand for a celebratory hug when news of historic FDA approval came through (thank you, Leanne!). Yesterday, Dr. Isabella Allan GAICD outlined her studies into barriers to sustainability over a pre-work coffee, and I really enjoyed sharing ideas about how to influence change. The pattern I am seeing from these connections, work news and Simon and Tim Buckley’s observations is that curiosity, evidence-based decision making, and good science 🧬 on the path to a collective, clear vision make every difference. As Simon says, old rules and infrastructure wont cut the mustard and help us meet unprecedented global challenges. Time for brave, diverse, fresh and collaborative thinking, with board-level leadership as a crucial part of the mix. I suspect we don’t need permission to think like this, we just need to do it, and make space for others to do the same. #connectenergisegrow #boardleadership #diversity #innovation #research #renewables

The future of energy security in the UK hinges on how we navigate the transition from gas. Managing the decommissioning of gas infrastructure while ensuring its adaptability for reduced demand is a critical challenge. A thought-provoking read for anyone invested in the sustainability and resilience of our energy systems.

Office of the Auditor General of Ontario: Follow-Up on the 2022 Performance Audit, Ministry of Energy and Ontario Energy Board, Electricity Oversight and Consumer Protection: "The Ministry of Energy (Ministry) and the Ontario Energy Board (OEB), as of October 3, 2024, have fully implemented 38% of actions we recommended in our 2022 audit Ontario Energy Board: Electricity Oversight and Consumer Protection. They have made progress in implementing 35% of the recommendations. However, they have made little or no progress on 27% of the recommendations." #ontario #electricity #regulation https://lnkd.in/g9-YXCZi

Today, Mar 11th, the Alberta government kicked off the evolution of Alberta's electricity policy framework with the announcement of two interim policy changes to Alberta's electricity market, which will be followed by more comprehensive changes. Here is an excerpt from today's government announcement: "The two temporary policy changes are being implemented via new regulation and an amendment to the AESO’s rules. The first addresses economic withholding by limiting the offer price of natural gas generating units owned by large generators, if net revenues cross a predefined threshold. The second will address physical withholding, by requiring natural gas generating assets to be made available, as directed by the AESO, in certain circumstances such as extreme weather and other times of peak demand. These two changes still allow generators to earn revenue while ensuring Albertans have access to affordable and reliable power." Also today, the Market Surveillance Administrator (MSA) and AESO published their advice to the government on long-term market design changes. In its advice to the government, the MSA states: The Enhanced Energy Market (EEM) should include the following features: - day-ahead market; - replace the recommended interim Market Power Mitigation Regulation with a market power mitigation framework tailored to the day-ahead market (that is, suited for multiple part offers) and run with the day ahead market; - load obligations to forward contract for generation; - negative price floor and administrative scarcity pricing / operating reserve demand curve; - congestion management through locational marginal pricing, security constrained economic dispatch, and system tools; - extended unit commitment market with co-optimization of energy and ancillary services; - five-minute real-time settlement intervals; - enhanced role for demand response; and - new technical standards for intermittent generation and energy storage. The interim changes announced today and the long-term market recommendations from the MSA and AESO will hopefully put us on a path to reliably and successfully navigate the energy transition in Alberta. ========================================= Link to MSA's advice: https://lnkd.in/e-nvfEMf Link to AESO's advice: https://lnkd.in/ghWzjU4N Link to Alberta government announcement: https://lnkd.in/eYYmvSqs