The spot price of Brent crude oil averaged $71 per barrel (b) in 2021, and we forecast the Brent price will average $104/b in 2022 and $94/b in 2023.

Perhaps the biggest issue is that the increased use of tech has made it far easier to scam people using utilities.

Revolutions are messy things. Once underway, they get a life of their own. There is confusion and mistakes are made at the barricades. But once underway, they can’t be turned back; yesterday can’t be summoned rule tomorrow.

Just when it didn’t seem things couldn’t get worse — gasoline at $5 to $8 a gallon, supply shortages in everything from baby formula to new cars — comes the devastating news that many of us will endure electricity blackouts this summer.

Since the wind turbine capacity factors are in the 40-50% range, their annual potential output is typically half, or less, of the annual potential output of a conventional generator of the same rating plate capacity.

The surge in electricity supply did little to ease rising prices that are being driven higher by climbing gas costs as Russia cuts some flows to Europe.

The Administration has actually recommended that people buy EVs to avoid increasing gasoline prices. The recent ban on imports of Russian oil will likely further increase gasoline prices, which have already doubled under the Administration.

In May 2022, Spain and Portugal created an extraordinary and temporary mechanism in Spain and Portugal to protect consumers from the rise in electricity prices,

The Brent price will average $108/b in the second half of 2022 (2H22) and then fall to $97/b in 2023.

China annual power generation from renewable energy sources will reach 3.3 trillion kWh by 2025.

Ultimately the quality of our lives depends – in large part – on the critical infrastructure we rely on every day.

A key focus of 40107 is around the digitalization of utilities and encouraging investment in new technologies, like smart grid capabilities and utility analytics, that can lead to faster, more intelligent, and automated decision-making and promote resiliency.

The so-called “four D’s” of energy disruption have served as a helpful way to describe the energy transition taking place, namely, decarbonization, democratization, decentralization, and digitalization.

Reports of more than 300 utility-scale solar projects have been stalled or delayed in recent weeks, and solar installers across the country are nervous this crawl could last for an extended period.

In July 2021, the Brazilian president signed into law the basic text of a bill allowing the privatisation of Eletrobras, following approvals of the text by the Chamber of Deputies in May 2021 and the Senate in June 2021.