Power prices may drop for 2007
TORONTO, ONTARIO - The Independent Electricity System Operator says Ontario customers will pay less for electricity next year as a result of changes it is proposing.
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Africa must quadruple power investment to supply electricity for all, IEA says
JOHANNESBURG - African countries will need to quadruple their rate of investment in their power sectors for the next two decades to bring reliable electricity to all Africans, an International Energy Agency (IEA) study published on Friday said.
If African countries continue on their policy trajectories, 530 million Africans will still lack electricity in 2030, the IEA report said. It said bringing reliable electricity to all Africans would require annual investment of around $120 billion.
“We’re talking about 2.5% of GDP that should go into the power sector,” Laura Cozzi, the IEA’s Chief Energy Modeller, told journalists ahead of the report’s launch.…
