Energy & Petroleum News Today

SJVN's 1500 MW Nathpa Jhakri Hydro Power Station set a record single-day generation of 39.573 Million Units of electricity on September 5, 2026, surpassing its previous milestone.

BNP Paribas initiated coverage on India's power sector, picking CESC as its top stock with a 56% upside target, alongside Outperform ratings for NTPC and Power Grid.

India's Supreme Court ruled public authorities cannot penalize homebuyers for bankrupt developers' delays, while EV subsidies face gradual phase-outs as adoption and market maturity vary across vehicle segments.

Cyprus needs an independent audit of its entire electricity value chain to investigate solar returns, bilateral contracts, and high consumer prices amidst rising curtailment and reliance on oil-fired generation.

The Central Electricity Authority proposed mandating co-located energy storage systems for new ground-mounted solar and onshore wind projects, potentially reshaping renewable energy economics in India.

Oil prices rallied last week with Brent at $96.30 and domestic futures at ?8,578. Prices may experience a brief moderation before potential further upside towards $101.50 and ?9,000 targets.

US expert James Bushnell defends New Zealand's gentailer model, arguing vertical integration hedges price volatility. Critics claim it benefits owners while retail bills and profits climb.

ACMobility launched a five-module Drive Electric EV Safety Program to educate motorists on electric vehicle technology, safety, charging, and ownership economics to encourage sustainable transport adoption.

Rapid urbanisation and global warming are disrupting ecosystems, raising carbon dioxide to 425-330 ppm, increasing humidity, and surging power demand for cooling. Experts urge transitioning to clean energy and better urban planning.

TNPDCL reported a 15% surge in electricity consumption in August to 13,248.82 MU, driven by hot weather, leading to higher power bills and verification measures for high-consuming domestic users.