Hence, there needs to be a pecking order on what sources of power we shut down. Coal, as you can see here, is still in demand, at least during peak periods. How do we replace this source? Why does the world go so quickly from a glut to dearth on natural gas?
We think cuts in use, storage, better management of demand and smart grid tech will balance out energy supplies going forward, and cut costs, for utilities and consumers, as we don't end up paying high fees during frenzied buying.
Waste of Time
The scramble for supplies intensified by the end of last year as temperatures plunged. In Turkey, the state-owned gas grid operator asked private power plants to reduce gas demand by 90 percent as Istanbul got covered in snow. France issued its strongest warning that the southeast part of the country had an urgent need for extra gas. Bulgaria, Romania and Serbia last week deployed emergency services to evacuate remote villages where people were stranded without electricity or heat.