Bitter Cold Means Chaos as Global Energy Systems Show Strain – Bloomberg
Bitter Cold Means Chaos as Global Energy Systems Show Strain – Bloomberg
reezing weather that’s sweeping the northern hemisphere is causing chaos in energy markets and damaging infrastructure with households from Japan to Pakistan and rance being asked to curb their electricity use.
In Asia, extreme cold prompted record-high power demand and a scramble for natural gas to keep the lights on in China, Japan and South Korea. In Sweden, a utility is paying for hotels for its customers after heavy snow brought down sections of the power grid cutting supplies while rench households were advised to delay doing their laundry to save energy.