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	<title>Tariffs Archives &#8226;</title>
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	<title>Tariffs Archives &#8226;</title>
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		<title>FG Spends N199 Billion on December 2024 Power Subsidies</title>
		<link>https://theelectricityhub.com/fg-spends-n199-billion-on-december-2024-power-subsidies/</link>
					<comments>https://theelectricityhub.com/fg-spends-n199-billion-on-december-2024-power-subsidies/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Wed, 18 Dec 2024 13:17:21 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[Prospects & Challenge]]></category>
		<category><![CDATA[Rural Electrification]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[NERC]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[NMDPRA]]></category>
		<category><![CDATA[Subsidy]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=98041</guid>

					<description><![CDATA[<p>The Nigerian Electricity Regulatory Commission (NERC) announced that the federal government paid N199 billion in electricity subsidies for December 2024. This amount marks a significant rise, increasing by N194.26 billion&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/fg-spends-n199-billion-on-december-2024-power-subsidies/">FG Spends N199 Billion on December 2024 Power Subsidies</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">The Nigerian government paid N199 billion in electricity subsidies for December 2024, a sharp increase of N194.26 billion from November.</li>



<li class="">Tariffs for Bands B to E remain frozen at 2022 rates, with the government covering N29.10 billion for Abuja DisCo and N26.68 billion for Ikeja Electric.</li>



<li class="">Rising exchange rates, inflation at 33.9%, and adjustments in power generation capacity drove the surge in subsidy costs.</li>
</ul>



<p class="">The Nigerian Electricity Regulatory Commission (<a href="https://www.channelstv.com/2024/12/18/fgs-electricity-subsidies-rise-to-n199-64bn-in-dec-nerc/">NERC</a>) announced that the federal government paid N199 billion in electricity subsidies for December 2024. This amount marks a significant rise, increasing by N194.26 billion from November 2024.</p>



<p class="">NERC released this information in its December 2024 Multi-Year Tariff Order (MYTO) report, published on its website.</p>



<p class="">The report shows that Band-A customers continued to pay N209 per kilowatt-hour (kWh), while tariffs for Bands B to E stayed fixed at 2022 rates. The government plans to spend N29.10 billion to subsidise customers under the Abuja Electricity Distribution Company (DisCo) and N26.68 billion for those under Ikeja Electric.</p>



<p class="">Several factors contributed to the sharp rise in subsidies, including an increase in the exchange rate, now pegged at N1,687.45 per dollar, inflation hitting 33.9%, and adjustments in available <a href="https://theelectricityhub.com/?s=power+generation">power generation</a> capacity. These economic challenges have raised electricity production costs, pushing the government to maintain affordable consumer tariffs.</p>



<p class="">Despite these pressures, NERC determined that the benchmark price of gas-to-power is $2.42 per MMBTU, which the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) also determined.</p>



<p class="">NERC’s report also points out that electricity tariffs are reviewed monthly. The government bases these adjustments on key economic indicators, such as inflation, exchange rates, and gas-to-power prices. These reviews help align tariffs with market realities while keeping electricity affordable for consumers.</p>



<p class="">The government&#8217;s ongoing subsidy payments aim to reduce Nigerians&#8217; financial burden. However, the rising costs of these subsidies pose a challenge as economic conditions worsen. The surge in exchange rates and inflation has strained government finances, making subsidy payments more expensive.</p>



<p class="">Consumers in Bands B to E have continued paying frozen tariffs since December 2022. NERC’s decision to keep these rates fixed protects many Nigerians from the full impact of rising electricity costs. However, the government covers the gap between the actual cost of electricity and the lower, fixed tariffs.</p>



<p class="">As Nigeria faces economic difficulties, the government grapples with a difficult task. It must maintain subsidies to keep electricity affordable while managing rising costs due to inflation and a weakening exchange rate.</p>



<p class="">NERC’s report highlights the complexities of Nigeria’s power sector, pointing to ongoing challenges in regulating <a href="https://theelectricityhub.com/?s=tariffs">tariffs</a> amidst economic pressures. Government subsidies remain crucial in keeping electricity accessible to many Nigerians. However, the long-term sustainability of this strategy remains a significant concern.</p>



<p class="">Consumers should expect adjustments in the months ahead, with tariffs subject to monthly reviews. The government remains committed to shielding consumers from drastic increases while managing the growing subsidy burden.</p>
<p>The post <a href="https://theelectricityhub.com/fg-spends-n199-billion-on-december-2024-power-subsidies/">FG Spends N199 Billion on December 2024 Power Subsidies</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<item>
		<title>US to Decide on Another Round of Solar Panel Tariffs</title>
		<link>https://theelectricityhub.com/us-to-decide-on-another-round-of-solar-panel-tariffs/</link>
					<comments>https://theelectricityhub.com/us-to-decide-on-another-round-of-solar-panel-tariffs/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Fri, 29 Nov 2024 14:11:00 +0000</pubDate>
				<category><![CDATA[International News]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Solar panel imports]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[US]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=97148</guid>

					<description><![CDATA[<p>US trade officials are expected to announce a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/us-to-decide-on-another-round-of-solar-panel-tariffs/">US to Decide on Another Round of Solar Panel Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>US trade officials are expected to announce a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained.</li>



<li>Most solar panels installed in the United States are made overseas, and some 80 per cent of imports come from the four nations targeted in the Commerce Department probe.</li>
</ul>



<p>US trade officials are expected to announce a new round of tariffs on <a href="https://theelectricityhub.com/?s=solar+panel+imports">solar panel imports</a> from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.</p>



<p>President&nbsp;Joe Biden&#8217;s&nbsp;Commerce Department is making the second of two preliminary decisions this year in a&nbsp;trade case&nbsp;brought by Korea&#8217;s Hanwha Qcells, Arizona-based First Solar Inc. and several smaller producers seeking to protect billions of dollars in investments in US solar manufacturing.</p>



<p>This is the latest chapter in a decade-long trade war with Chinese companies over their solar dominance. Chinese manufacturers have responded to <a href="https://theelectricityhub.com/?s=US">US</a> solar tariffs by moving their massive operations to nations where they will not face duties &#8211; including Southeast Asia.</p>



<p>The group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Vietnam and Thailand of causing global prices to collapse by dumping products into the market.</p>



<p>The Hanwha-led group has sought antidumping duty rates of between 70.35 per cent and 271.45 per cent, depending on the country, to offset the unfair pricing. It also has sought tariffs to combat unfair subsidies in those nations, and the Commerce Department&nbsp;imposed preliminary&nbsp;antisubsidy duties last month.</p>



<p>Most solar panels installed in the United States are made overseas, and some 80 per cent of imports come from the four nations targeted in the Commerce Department probe.</p>



<p>Tariffs would increase prices for companies that import panels to install on rooftops or build solar power plants, but the United States, over more than a decade, has shown a willingness to impose duties on the sector in a bid to bolster the small US clean energy manufacturing industry.</p>



<p>The Biden administration this year&nbsp;raised the alarm&nbsp;over China&#8217;s massive investment in factory capacity for clean energy goods. Biden&#8217;s landmark climate change law, the Inflation Reduction Act, includes incentives for companies that produce clean energy equipment in the United States &#8211; a subsidy that has prompted a flurry of plans for new solar factories.</p>



<p>President-elect&nbsp;Donald Trump&nbsp;has called the Inflation Reduction Act too expensive, but he has also said he plans to slap hefty tariffs on various sectors to protect American workers.</p>



<p>Dumping occurs when a company sells a product in the United States at a price below its cost of production or lower than what it charges in its home country.</p>
<p>The post <a href="https://theelectricityhub.com/us-to-decide-on-another-round-of-solar-panel-tariffs/">US to Decide on Another Round of Solar Panel Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<item>
		<title>EU, China to Negotiate on Potential Alternatives to EV Tariffs</title>
		<link>https://theelectricityhub.com/eu-china-to-negotiate-on-potential-alternatives-to-ev-tariffs/</link>
					<comments>https://theelectricityhub.com/eu-china-to-negotiate-on-potential-alternatives-to-ev-tariffs/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Tue, 29 Oct 2024 08:42:33 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Prospects & Challenge]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=95544</guid>

					<description><![CDATA[<p>The European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles, although significant gaps remain, the European Commission said.&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/eu-china-to-negotiate-on-potential-alternatives-to-ev-tariffs/">EU, China to Negotiate on Potential Alternatives to EV Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>The European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles.</li>



<li>Dombrovskis and Wang affirmed their commitment to finding a mutually agreeable solution, which would need to ensure a level playing field in the EU market.</li>
</ul>



<p>The European Union and <a href="https://theelectricityhub.com/?s=China+">China</a> have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles, although significant gaps remain, the European Commission said.</p>



<p>The EU is set to impose additional tariffs of up to 35.3 per cent next week on <a href="https://theelectricityhub.com/?s=electric+vehicles">electric vehicles</a> built in China at the conclusion of its anti-subsidy investigation but has said talks can continue after then.</p>



<p>The two sides are looking at possible minimum price commitments from Chinese producers or investments in Europe as an alternative to tariffs.</p>



<p>&#8220;The principals agreed that further technical negotiations would take place shortly&#8221;, the Commission said after a video call between EU trade chief Valdis Dombrovskis and Chinese Minister of Commerce Wang Wentao.</p>



<p>The European Commission, which oversees trade policy for the 27-nation European Union, has already held eight rounds of technical negotiations with Chinese counterparts and said there were &#8220;significant remaining gaps&#8221;.</p>



<p>Dombrovskis and Wang affirmed their commitment to finding a mutually agreeable solution, which would need to ensure a level playing field in the EU market and to be compatible with World Trade Organization rules, the Commission said.</p>



<p><a href="https://theelectricityhub.com/?s=China+">China </a>urged the EU two weeks ago not to conduct separate negotiations with companies, warning this would &#8220;shake the foundations&#8221; of negotiations.</p>



<p>The Commission said Dombrovskis had emphasised that the EU executive&#8217;s negotiations with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) do not exclude <a href="https://www.reuters.com/business/autos-transportation/eu-china-agree-further-technical-negotiations-evs-2024-10-25/">discussions</a> with individual exporters.</p>



<p>Dombrovskis also raised concerns about China&#8217;s investigations into EU brandy, pork and dairy, saying the EU found them &#8220;unsubstantiated&#8221;.</p>
<p>The post <a href="https://theelectricityhub.com/eu-china-to-negotiate-on-potential-alternatives-to-ev-tariffs/">EU, China to Negotiate on Potential Alternatives to EV Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>China Targets EU Cars and Brandy in Retaliation Over EV Tariffs</title>
		<link>https://theelectricityhub.com/china-targets-eu-cars-and-brandy-in-retaliation-over-ev-tariffs/</link>
					<comments>https://theelectricityhub.com/china-targets-eu-cars-and-brandy-in-retaliation-over-ev-tariffs/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Tue, 08 Oct 2024 15:13:05 +0000</pubDate>
				<category><![CDATA[Prospects & Challenge]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[gasoline cars]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=94874</guid>

					<description><![CDATA[<p>China is investigating whether to raise tariffs on European large-engine vehicles and will start collecting brandy levies. This escalated a trade spat after the European Union imposed tariffs on Chinese&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/china-targets-eu-cars-and-brandy-in-retaliation-over-ev-tariffs/">China Targets EU Cars and Brandy in Retaliation Over EV Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">China is investigating whether to raise tariffs on European large-engine vehicles and will start collecting levies on brandy.</li>



<li class="">China announced an anti-dumping probe into European brandy in January this year after the start of the EU investigation into its electric vehicle subsidies.</li>
</ul>



<p class=""><a href="https://theelectricityhub.com/?s=China">China</a> is investigating whether to raise tariffs on European large-engine vehicles and will start collecting brandy levies. This escalated a trade spat after the European Union imposed tariffs on Chinese electric vehicles. </p>



<p class="">The Ministry of Commerce said on October 8 that Beijing is considering increasing duties on imported gasoline cars with large engines. This announcement came shortly after it announced that importers of EU brandy would have to pay a deposit of as much as 39 per cent from October 11.</p>



<p class="">Germany and Slovakia, which both voted against the tariffs, would be most exposed if China imposed tariffs on car imports. Volkswagen AG Chief Executive Officer Oliver Blume has said that any possible Chinese tariffs would be particularly risky for the German automotive industry, and the company would face significant disadvantages in the Chinese market. </p>



<p class="">Most of China’s brandy imports come from France, which voted for the tariffs on Chinese cars. The ministry&#8217;s statement specifically mentioned European spirits makers controlled by Remy Cointreau and Pernod Ricard, among others.</p>



<p class="">China announced an anti-dumping probe into European brandy in January this year after the start of the EU investigation into its <a href="https://theelectricityhub.com/?s=electric+vehicle">electric vehicle</a> subsidies. The Asian nation&nbsp;said&nbsp;in August that it found evidence of dumping by European spirits producers in a preliminary probe but withheld levying tariffs then.</p>



<p class="">Chinese policymakers are also under pressure domestically as they battle to reach their growth targets for 2024. Beijing last month announced interest rate cuts and pledged as much as $340 billion to support the stock market, but it held back from unleashing more stimulus on Tuesday.</p>



<p class="">Shares of European carmakers and beverage firms tumbled, particularly those with high exposure to China. BMW AG shares fell more than 3 per cent, while Mercedes-Benz Group AG dropped about 2 per cent. French distiller Remy Cointreau SA sank as much as 9.3 per cent and Pernod Ricard SA dropped 4.6 per cent.&nbsp;</p>



<p class="">The European Commission must&nbsp;publish&nbsp;the final results of its EV investigation by the end of this month, after which the tariffs would come into effect. Chinese state media and trade groups had&nbsp;hinted&nbsp;that Beijing could raise tariffs on car imports in response to <a href="https://theelectricityhub.com/?s=EU">EU</a> moves, and this is the first official confirmation by the ministry.</p>
<p>The post <a href="https://theelectricityhub.com/china-targets-eu-cars-and-brandy-in-retaliation-over-ev-tariffs/">China Targets EU Cars and Brandy in Retaliation Over EV Tariffs</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>China Calls on EU to Remove Tariffs on EVs by July 4</title>
		<link>https://theelectricityhub.com/china-calls-on-eu-to-remove-tariffs-on-evs-by-july-4/</link>
					<comments>https://theelectricityhub.com/china-calls-on-eu-to-remove-tariffs-on-evs-by-july-4/#comments</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Mon, 24 Jun 2024 10:09:02 +0000</pubDate>
				<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[EU anti-subsidy investigation]]></category>
		<category><![CDATA[EVs]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=88914</guid>

					<description><![CDATA[<p>China&#8217;s state-controlled Global Times has reported that the EU wants to scrap its preliminary tariffs on Chinese electric vehicles by July 4 after both sides agreed to hold new trade&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/china-calls-on-eu-to-remove-tariffs-on-evs-by-july-4/">China Calls on EU to Remove Tariffs on EVs by July 4</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">China&#8217;s state-controlled Global Times reported that China wants the EU to scrap its preliminary tariffs on Chinese electric vehicles by July 4.</li>



<li class="">Both sides agreed to restart talks after a call between EU Commissioner Valdis Dombrovskis and China&#8217;s Commerce Minister.</li>
</ul>



<p class="">China&#8217;s state-controlled Global Times has reported that the EU wants to scrap its preliminary tariffs on Chinese electric vehicles by July 4 after both sides agreed to hold new trade talks.</p>



<p class="">Provisional European Union duties of up to 38.1 per cent on imported Chinese-made <a href="https://theelectricityhub.com/?s=EVs">EVs</a> will kick in by July 4 while the bloc investigates what it says are excessive and unfair subsidies.</p>



<p class="">China has repeatedly called on the EU to cancel its tariffs, expressing a willingness to negotiate. &nbsp;China does not want to embroil the country in another <a href="https://theelectricityhub.com/?s=tariff">tariff</a> war, still stung by US tariffs on its goods imposed by the Trump administration, but says it would take all steps to protect Chinese firms should one happen.</p>



<p class="">Both sides agreed to restart talks after a Saturday call between EU Commissioner Valdis Dombrovskis and China&#8217;s Commerce Minister. The call was during Germany&#8217;s economy minister&#8217;s visit to China, and the minister said the doors for discussion were &#8220;open.&#8221;</p>



<p class="">European Commission spokesperson said, &#8220;EVP Dombrovskis and China&#8217;s Commerce Minister Wang Wentao had a candid and constructive call on Saturday on the EU&#8217;s anti-subsidy investigation into battery electric vehicles produced in China.”</p>



<p class="">&#8220;The <a href="https://theelectricityhub.com/?s=EU+">EU </a>side emphasised that any negotiated outcome to its investigation must effectively address the injurious subsidisation,&#8221; they added.</p>



<p class="">The tariffs will be finalised on November 2 at the end of the EU anti-subsidy investigation.</p>



<p class="">EU trade policy has become increasingly protective over concerns that China&#8217;s production-focused development model could flood the country with cheap goods as Chinese firms look to step up exports amid weak domestic demand.</p>



<p class="">China has rejected accusations of unfair subsidies or an overcapacity problem, saying the development of its EV industry has been the result of advantages in technology, market, and industry supply chains.</p>



<p class="">&#8220;When European Commission President Von der Leyen announced she would investigate <a href="https://theelectricityhub.com/?s=China">China</a>&#8216;s new energy vehicles&#8230; I had an intuitive feeling it was not only an economic issue but also a geopolitical issue,&#8221; said Zhang Yansheng, chief research fellow at the China Center for International Economic Exchanges.</p>



<p class="">&#8220;I think it is unfair to start a tariff war by only considering the capacity utilisation rate and insufficient demand,&#8221; he added.</p>
<p>The post <a href="https://theelectricityhub.com/china-calls-on-eu-to-remove-tariffs-on-evs-by-july-4/">China Calls on EU to Remove Tariffs on EVs by July 4</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Chinese Automakers Push for Higher Tariffs on European Gas Cars</title>
		<link>https://theelectricityhub.com/chinese-automakers-push-for-higher-tariffs-on-european-gas-cars/</link>
					<comments>https://theelectricityhub.com/chinese-automakers-push-for-higher-tariffs-on-european-gas-cars/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Wed, 19 Jun 2024 14:59:06 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Electric Vehicle]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[global markets]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[trade policies]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=88760</guid>

					<description><![CDATA[<p>Chinese automakers have reportedly urged Beijing to increase tariffs on European gasoline-powered cars in response to Brussels&#8217; restrictions on Chinese electric vehicle (EV) exports, and the state-backed Global Times reported&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/chinese-automakers-push-for-higher-tariffs-on-european-gas-cars/">Chinese Automakers Push for Higher Tariffs on European Gas Cars</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Chinese automakers urge Beijing to hike tariffs on European gasoline cars in response to EU&#8217;s restrictions on Chinese EV exports.</li>



<li class="">A meeting in Beijing with industry leaders such as SAIC, BYD, BMW, and Volkswagen aims to pressure Europe over trade measures.</li>



<li class="">The proposal suggests raising tariffs on European sedans and SUVs with engines above 2.5L from 15% to 25% amidst escalating global trade tensions.</li>
</ul>



<p class="">Chinese automakers have reportedly urged <a href="https://www.reuters.com/business/autos-transportation/china-automakers-urge-beijing-raise-tariffs-large-gasoline-vehicles-imported-eu-2024-06-19/">Beijing</a> to increase tariffs on European gasoline-powered cars in response to Brussels&#8217; restrictions on Chinese <a href="https://theelectricityhub.com/?s=electric+vehicle">electric vehicle</a> (EV) exports, and the state-backed Global Times reported that industry leaders from China, including SAIC and BYD, as well as European counterparts BMW, Volkswagen, and Porsche, met in Beijing under the Ministry of Commerce&#8217;s auspices.</p>



<p class="">Sources familiar with the matter revealed that the closed-door meeting aimed to exert pressure on Europe in light of recent trade measures. These include the European Commission&#8217;s decision to impose anti-subsidy duties on Chinese EVs starting in July, which mirrors actions by the United States, which have heightened global trade tensions.</p>



<p class="">Discussions at the meeting focused on increasing provisional tariffs on imported European sedans and SUVs with engines larger than 2.5 litres. The suggestion is to raise tariffs from 15% to 25% to balance trade interests amid Europe&#8217;s protective <a href="https://theelectricityhub.com/?s=trade+policies">trade policies</a> and China&#8217;s export strategies amidst domestic <a href="https://theelectricityhub.com/?s=economic+challenges">economic challenges</a>.</p>



<p class="">Earlier reports from the Global Times hinted at potential retaliatory measures by China, including investigations into European pork products for anti-dumping measures and scrutiny of EU dairy imports. These actions reflect broader geopolitical manoeuvring as global economic powers navigate trade disputes and protect domestic industries.</p>



<p class="">The situation underscores ongoing tensions between China and Western economies, illustrating evolving trade dynamics and their implications for <a href="https://theelectricityhub.com/?s=global+markets">global markets</a>.</p>
<p>The post <a href="https://theelectricityhub.com/chinese-automakers-push-for-higher-tariffs-on-european-gas-cars/">Chinese Automakers Push for Higher Tariffs on European Gas Cars</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>NIGERIA: Ogun State Residents Decry High Electricity Bills</title>
		<link>https://theelectricityhub.com/nigeria-ogun-state-residents-decry-high-electricity-bills/</link>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Wed, 19 Jan 2022 10:31:43 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Consumer tariffs]]></category>
		<category><![CDATA[Ikeja Electric]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=66042</guid>

					<description><![CDATA[<p>Residents decry high electricity traffic Ikeja Electric promises customer enumeration The residents of Giwa and Agbado-Oke Aro in Ogun state have decried the high cost of electricity in the area.&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/nigeria-ogun-state-residents-decry-high-electricity-bills/">NIGERIA: Ogun State Residents Decry High Electricity Bills</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<ul>
<li>Residents decry high electricity traffic</li>
<li>Ikeja Electric promises customer enumeration</li>
</ul>
<p>The residents of Giwa and Agbado-Oke Aro in Ogun state have decried the high cost of electricity in the area. Residents took the protest to the Abule Egba Business Unit of Ikeja Electric. The residents protested with placards lamenting the cost of living on a minimum wage of thirty thousand naira and demanding prepaid meters.</p>
<p>A resident, Mr Kehinde Adesina, stated that the community had experienced a continuous rise in the cost of electricity. Adeshina noted that residents initially received monthly bills of ₦5,000 but now pay up to ₦40,000 monthly.</p>
<p>&#8220;They (electricity officials) told us they will come for enumeration, but we have informed them that it is either we get our prepaid meters, or they bring the bills back to ₦10,000 per month,&#8221; Adesina said.</p>
<p>&#8220;How do we survive with bills of 35, 40k when this in an area mostly dominated by elderly people. They told us to go and pay the amount issued for November which, is ₦22,000 for each flat, but we told them we can no longer continue to pay such amounts and we won&#8217;t pay until the matter is resolved,&#8221; he added.</p>
<p>The Chairman of Cannanland Community Development Association (CDA), Engr. Timothy Akide stated that the community had made several demands to Ikeja Electric for meters, with no response.</p>
<p>&#8220;Our demands for prepaid was also not addressed; now we are told to pay N63,000 or wait till June or July till Federal Government released another set of pre-paid meters,&#8221; Akide said.</p>
<p>&#8220;..the officials said the bills were due to consumption, but we made them realize that our consumption per house has not changed, so they said they will come for enumeration from house to house. It is a welcome development because we know the truth will be revealed,&#8221; he added.</p>
<p>&nbsp;</p>
<p>The post <a href="https://theelectricityhub.com/nigeria-ogun-state-residents-decry-high-electricity-bills/">NIGERIA: Ogun State Residents Decry High Electricity Bills</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>African Electricity Markets in 2022: Top 5 Focus Areas</title>
		<link>https://theelectricityhub.com/african-electricity-markets-in-2022-top-5-focus-areas/</link>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Mon, 17 Jan 2022 08:12:53 +0000</pubDate>
				<category><![CDATA[Central Africa]]></category>
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		<category><![CDATA[East Africa]]></category>
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		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
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		<category><![CDATA[Southern Africa]]></category>
		<category><![CDATA[Watt Page]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Africa Energy]]></category>
		<category><![CDATA[Electricity Markets]]></category>
		<category><![CDATA[Energy transition]]></category>
		<category><![CDATA[Green Hydrogen]]></category>
		<category><![CDATA[Tariffs]]></category>
		<category><![CDATA[Transmission]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=65854</guid>

					<description><![CDATA[<p>&#160; As Africa looks to recover and improve energy access following the slowdown due to the pandemic, here are the five areas of the African electricity market space that policymakers&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/african-electricity-markets-in-2022-top-5-focus-areas/">African Electricity Markets in 2022: Top 5 Focus Areas</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p>As Africa looks to recover and improve energy access following the slowdown due to the pandemic, here are the five areas of the African electricity market space that policymakers should focus on in 2022.</p>
<ol>
<li><strong>Energy Transition</strong> &#8211; <span data-preserver-spaces="true">Following the commitments at the Conference of Parties (COP26) event last year in Glasgow, Scotland, African governments united against the global lobby for defunding fossil projects, calling for an energy transition that is fair and just. While the rhetorics of the event has begun to die down and commitments are now facing drastic turnarounds, it is important, African leadership prioritises the industrialisation of the continent using its available resources. While Africa accounts for only</span><a class="editor-rtfLink" href="https://www.sipri.org/sites/default/files/2020-05/pb_2005_au_climate.pdf" target="_blank" rel="noopener"><span data-preserver-spaces="true"> 4%</span></a><span data-preserver-spaces="true"> of global emissions, it remains the least developed continent globally and stands a chance to be highly impacted by climate change due to extreme poverty, poor access to energy. Despite being richly blessed with a vast array of natural resources, there has been no significant impact on the continent&#8217;s development. In seeking affordability for energy transition plans, global superpowers are proposing the reclassification of natural gas and nuclear power as &#8216;green energy&#8217; against the commitments made at the COP26 event. With the reclassification, Africa gets another chance to utilise its available resources for the energy transition in a manner that puts the continent&#8217;s development first.</span></li>
<li><strong>Green Hydrogen</strong> &#8211; <span data-preserver-spaces="true">Green hydrogen is hydrogen generated from renewable energy sources containing significantly lower emissions. Africa has huge potentials for renewable energy development, and in turn, green hydrogen development. Therefore, the scramble for green hydrogen investments in Africa promises to boost economic activities or several countries. Northern Africa, Namibia and South Africa are positioned to become global green hydrogen hubs. With the demand for green hydrogen </span><a class="editor-rtfLink" href="https://www.pwc.com/gx/en/industries/energy-utilities-resources/future-energy/green-hydrogen-cost.html" target="_blank" rel="noopener"><span data-preserver-spaces="true">projected</span></a><span data-preserver-spaces="true"> to grow as the world transitions to cleaner energy sources, maximising these investments opportunities for the development of Africa should be at the forefront of these discussions.</span></li>
<li><strong>Infrastructural Investments</strong> &#8211; Energy infrastructure has remained one of the biggest challenges hindering electricity access for millions on the continent. Many Africans without energy access live in rural areas with little to no economic activities; investors are therefore unwilling to fund critical projects in these areas where Returns on Investments (RoI) are not guaranteed. Investments in infrastructure to bridge access gaps require huge financing options; African governments should explore Public-Private Partnerships (PPP) and other financing options provided by institutions, including the African Development Bank (<a href="https://www.afdb.org/en">AfDB</a>) and African Export-Import Bank (<a href="https://www.afreximbank.com/">Afreximbank</a>). <a href="https://theelectricityhub.com/kenya-africas-1st-independent-power-transmission-grid-pioneered-in-kenya/">Kenya</a> is taking the lead, announcing the continents first PPP Independent Power Transmission (IPT) project, which promises to pioneer the growth of private sector participation and investment in the transmission sector.</li>
<li><strong>Electricity Tariffs</strong> &#8211; African electricity markets are mostly government-owned, and over time, due to tariff subsidies put in place by these governments, a large number of consumers have been desensitised to the reality that electricity is indeed an essential commodity just like petrol. Poor Government funding for critical projects has resulted in poor electricity coverage and an inability to meet the growing demand for electricity on the continent. African governments are becoming increasingly incapable of sustaining subsidy programmes as the global energy prices soar, making commercially viable tariffs inevitable. While some electricity markets (e.g. South Africa) are in the process of implementing tariff increments, other markets have reduced consumers tariffs (Kenya) despite recording huge revenue losses. Therefore, it is imperative that African leadership deploys other strategies to deal with tariff affordability issues while ensuring that electricity markets remain commercially viable.</li>
<li><strong>Regional Electricity Markets</strong> &#8211; <span data-preserver-spaces="true">With the Africa Continental Free Trade Area (AfCFTA) implementation, improving regional electricity access has become critical for competitive economic trade on the continent. Over the years, electricity markets across Africa have pooled together to form regional electricity markets to boost regional electricity trade. For example, the Southern African Power Pool (</span><a class="editor-rtfLink" href="https://www.sapp.co.zw/" target="_blank" rel="noopener"><span data-preserver-spaces="true">SAPP</span></a><span data-preserver-spaces="true">) has facilitated successful electricity trades between twelve member states, including South Africa, Mozambique, Zambia, and Namibia. The West African Power Pool (</span><a class="editor-rtfLink" href="https://www.ecowapp.org/" target="_blank" rel="noopener"><span data-preserver-spaces="true">WAPP</span></a><span data-preserver-spaces="true">) is currently carrying out several infrastructural projects to expand the electricity trade in the region. Africa needs to work together in harnessing the potential offered by the regional electricity markets for the continent&#8217;s development.</span></li>
</ol>
<p>There you have it, the African energy space has great potential, but its potential is only as great as the efforts of its stakeholders.</p>
<p>The post <a href="https://theelectricityhub.com/african-electricity-markets-in-2022-top-5-focus-areas/">African Electricity Markets in 2022: Top 5 Focus Areas</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>SUDAN: Consumers Protest Electricity Tariff Increase</title>
		<link>https://theelectricityhub.com/sudan-consumers-protest-electricity-tariff-increase/</link>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Tue, 11 Jan 2022 07:18:19 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[North Africa]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[electricity consumers]]></category>
		<category><![CDATA[Electricity Tariffs]]></category>
		<category><![CDATA[Sudan]]></category>
		<category><![CDATA[Tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=65833</guid>

					<description><![CDATA[<p>Consumers take to the streets in protest against tariff increment Demand reversal of tariff increase Electricity consumers in the Northern state of Ed Debba have protested the sudden increase in&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/sudan-consumers-protest-electricity-tariff-increase/">SUDAN: Consumers Protest Electricity Tariff Increase</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<ul>
<li>Consumers take to the streets in protest against tariff increment</li>
<li>Demand reversal of tariff increase</li>
</ul>
<p>Electricity consumers in the Northern state of Ed Debba have protested the sudden increase in electricity tariffs, taking to the streets in an organised sit-in.</p>
<p>Member, Resistance Committees Coordination, Abde Ali Hussein, speaking on the development, stated that &#8220;the authorities in the state raised the electricity tariffs without any justification. Farmers, in particular, are negatively affected,&#8221;</p>
<p>&#8220;They will only open the road again when the decision to increase the electricity bills is cancelled,&#8221; Hussein added.</p>
<p>In January last year, the Federal Ministry of Finance increased electricity tariffs by almost 500%.</p>
<p>The post <a href="https://theelectricityhub.com/sudan-consumers-protest-electricity-tariff-increase/">SUDAN: Consumers Protest Electricity Tariff Increase</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>KENYA: Despite Uhuru&#8217;s Assurances, Electricity Tariffs Increases by 2%</title>
		<link>https://theelectricityhub.com/kenya-despite-uhurus-assurances-electricity-tariffs-increases-by-2/</link>
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		<pubDate>Thu, 06 Jan 2022 10:21:47 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[East Africa]]></category>
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		<category><![CDATA[Kenya Power]]></category>
		<category><![CDATA[President Uhuru Kenyatta]]></category>
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		<guid isPermaLink="false">https://theelectricityhub.com/?p=65748</guid>

					<description><![CDATA[<p>Kenyatta&#8217;s government fails to implement tariff reduction President Kenyatta promised a tariff reduction of up to 30% in two tranches Electricity consumers have experienced an increase in electricity tariffs despite&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/kenya-despite-uhurus-assurances-electricity-tariffs-increases-by-2/">KENYA: Despite Uhuru&#8217;s Assurances, Electricity Tariffs Increases by 2%</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<ul>
<li>Kenyatta&#8217;s government fails to implement tariff reduction</li>
<li>President Kenyatta promised a tariff reduction of up to 30% in two tranches</li>
</ul>
<p>Electricity consumers have experienced an increase in electricity tariffs despite the assurances of President Uhuru Kenyatta on a tariff reduction to take effect in December 2021. President Kenyatta had promised a 30% reduction in tariff in two tranches of 15% each.</p>
<p>According to the Kenya National Bureau of Statistics (KNBS) data, Kenyan households experienced a 2% rise in electricity tariffs in December compared to the previous month&#8217;s prices. For example, a household consuming 200kWh paid Sh5,185 in December, 2% more than the Sh5,089 paid in November for the same amount of power.</p>
<p>Following recommendations by the Kenyatta Task Force set up to look into state-owned power firm, Kenya Power&#8217;s Power Purchase Agreements (PPAs); President Uhuru Kenyatta announced that the cost of power would drop by 15% by the end of 2021 with a further reduction of 15% expected by the end of the first quarter of 2022.</p>
<p>The post <a href="https://theelectricityhub.com/kenya-despite-uhurus-assurances-electricity-tariffs-increases-by-2/">KENYA: Despite Uhuru&#8217;s Assurances, Electricity Tariffs Increases by 2%</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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