New Illinois company hopes to offer cheaper power
GREENVILLE, ILLINOIS - A new not-for-profit venture hopes to offer cheaper electricity in central and southern Illinois.
New Illinois Cooperative Energy, or NICE, was developed by Illinoisans upset with electric rate increases since last year. It's led by Greenville-based Southwestern Electric Cooperative.
NICE hopes to get a large enough pool of customers to let the co-op negotiate attractive power-purchase prices.
The venture would draw lower rates by buying electricity more often and timing the market to catch lower prices.
NICE customers would still will get their power from Ameren, the distributing company, over Ameren's lines.
At least 7,000 customers must sign up in Ameren's service territory before the program may start.
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Egypt, China's Huawei discuss electricity network's transformation to smart grid
CAIRO - Egypt and China's tech giant Huawei on Thursday discussed the gradual transformation of Egypt's electricity network to a smart grid, Egyptian Ministry of Electricity and Renewable Energy said.
Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker met with Huawei's regional president Li Jiguang in Cairo, where they discussed the cooperation, the ministry said in a statement.
The meeting is part of Egypt's plans to develop its energy sector based on the latest technologies, it added.
During the meeting, Shaker hailed the existing cooperation between Egypt and China in several mega projects, welcoming further cooperation with China to…
