Page 5 - Weak Demand News Today

Battery energy storage systems will be able to store excess RE power for use during the night peak hours. With the VGF, the government is hoping to reduce the cost of battery storage, needed for round-the-clock renewable energy, from the current Rs 10 per kilowatt-hour (kWh) to Rs 5.50-6.6 kWh by 2030-31.

Time-of-Day Peak Demand Charge was implemented to avoid rolling blackouts by financially nudging Michiganders into reducing their electricity usage.

U.S. oil prices end at highest in over a week as Hurricane Idalia aims for Florida Oil futures finish higher on Tuesday, finding some support from risks to energy market operations posed by...

Chinese mills are also reported to be undercutting other steel producers in terms of prices. This, in turn, has had an impact on exports by Indian steel companies, with countries in the Middle East and Vietnam buying more steel from China.

Although production in the country has remained steady, and has even seen a gradual increase, changing consumer preferences locally and the poor demand globally has hit prices and exports

The textile value chain is passing through a hard time with processing units being the worst affected.

PUD joins about 50 utilities nationwide with a surcharge for electricity.

Cotton Textile: The recession in the textile industry continued in the first quarter of the financial year 2023-24, with Indias textile exports dropping by 15.26% to $8.4 billion.

The latest IDC report said global PC shipments declined 13.4 percent to 61.6 million during the second quarter of 2023.

The FTSE 100 index closed Tuesday down 0.1% at 7519 points, amid a muted session in the global markets given the U.S. holiday, with falls in the banking sector as they come under pressure to raise...