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Artificial Intelligence is now the largest capital investment for tech companies, and they are not going to build AI factories in states with high electricity costs. The future of state economies depends on low cost, reliable energy!

27,576 Aufrufe • vor 11 Monaten •via X (Twitter)

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A few points on the Powering Canada Strong announcement that is important to understand; * Doubling Canada's electricity generation capacity is paramount. I just wish it wouldn't take 20+ years. We don't generate enough electricity to be self-sufficient or participate in future industries. We have no choice. Has to be done. It's something I called for a while and spoke on. * Linking the connectivity of Canada's fragmented grid. This is a must to increase productivity, and remove waste. It's a one step back for two steps forward type of investment. * the connection and expansion of the grid is one of the important things we need to do reach mining areas and develop these sectors and for the growth of smaller communities around. The problem with these whole announcement is that it is all net zero based which means it won't necessarily build the most reliable possible grid for the $ and will other ridiculous costs to be carbon tax trading based on the way. It's completely inefficient from capital planning point. Mark Carney says: It will require the spreading of costs over time using our AAA balance sheet so that ratepayers don't pay all of the costs of investments today. That means the government is planning to borrow MASSIVELY! That cost will appear not only in your electricity bill but also in the value of the CAD and interest costs that is already hitting record every single year. This plan is utilizing legitimate needed action to transform all of Canada's energy need into ideological driven carbon tax trade system and inefficient power generation that all together will cost Canadian taxpayers hundreds of billions more than it should.

Kirk Lubimov

24,482 Aufrufe • vor 1 Monat

FLASH: Governor of Lagos State, Mr Babajide Sanwo-Olu officially signs the Lagos Electricity Bill 2024 into Law, today at the Conference Room, Lagos House, Alausa Ikeja. THE MANDATE: The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Babajide Sanwo-Olu’s resolve to address longstanding challenges in the energy sector. The law will lay a robust foundation for economic growth, fostering industrial growth, improved quality of life, energy equity, economic prosperity, and environmental sustainability. OBJECTIVES OF THE LAW - Establish a Lagos Electricity Market that is technically sound, financially viable, and well-regulated - Ensure access to affordable, reliable, and sustainable electricity for all citizens. - Promote diverse energy sources, including renewable energy, and encourage energy efficiency. - Foster investment, competition, and innovation in the electricity sector. - Electrify underserved areas, contributing to the sustainable development of Lagos State. INSTITUTIONS TO BE CREATED The law establishes critical institutions to manage and oversee the electricity market: 1. Lagos State Electricity Regulatory Commission: Independent oversight for regulatory compliance and licensing. 2. Lagos Independent System Operator (ISO): Ensuring system reliability and operational efficiency. 3. Lagos State Electrification Agency: Focused on expanding electricity access to underserved communities. 4. Special Funds: (i). Electrification Funds - Financing electrification projects and sustainable energy solutions in underserved and Unserved Communities. (ii) Host Community Development (Community Trust Fund) - Licensed Power Generating Companies must allocate a percentage of the previous year’s operating expenditure to developing their host communities. 5. Power Enforcement Unit - To address issues of Electricity theft, damage and theft of infrastructure #LagosElectricityLaw #GreaterLagosRising More Details coming ….

Jubril A. Gawat

98,523 Aufrufe • vor 1 Jahr