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Tuesday, 4 August 2026

148 briefs so farlast update 17:39 UTC

Key points

  • China Targets 3,500GW of Renewables by 2030 Under New Five-Year Plan.
  • Brent Settles Near $91 After Trump Warns of New Strikes on Iran.
  • Trump Vows Blockade of Iran as Talks Collapse, Semafor Reports.
  • PJM Board Orders Two FERC Filings on Large Loads, Sets $555/MW-day Backstop Cap.

Policy & Geopolitics

Two Polls Put One Nation Level or Ahead in Victoria Despite Near-Zero Parliamentary Presence

One Nation is polling at or above both major parties in Victoria, Australia, according to two separate surveys reported by RenewEconomy, even though the party holds almost no seats in the state parliament.

Freshwater Strategy put the Liberal-National Coalition in front on a primary vote of 27 per cent, One Nation second on 25 per cent, and Victorian Labor trailing on 23 per cent.

Redbridge, in polling commissioned by the Victorian Unions, had One Nation in the lead on a primary vote of 27%, with Labor and the Liberal-National Coalition tied on 26% and the Greens on 13%.

The two surveys disagree on the order of the top three but agree on the compression: under either set of numbers, no party clears the high twenties on primaries.

That polling strength has no equivalent in the chamber. One Nation does not hold a single seat in the lower house of the Victorian Parliament and has one representative in the upper house.

RenewEconomy frames the numbers against the state's energy position and the arrival of a new premier, arguing One Nation is not the answer to Victoria's difficulties.

Source: reneweconomy.com.au (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Public Interest Groups Ask Washington Regulator to Trim Puget Sound Energy Rate Request

Climate, environmental, and social justice organizations filed testimony asking the Washington Utilities and Transportation Commission (UTC) to scale back a proposed rate increase from Puget Sound Energy, according to CleanTechnica.

CleanTechnica described Puget Sound Energy as Washington's largest utility and reported that the groups want the commission to cut the size of the requested hike.

The utility's filing seeks major rate increases alongside costly new gas infrastructure, per CleanTechnica.

The testimony puts the groups on the record before the UTC, the state body that reviews and sets utility rates, as it weighs the request.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Indiana Ranked Among Top Three US States for Solar Installation Last Year, Canary Media Reports

Indiana ranked among the top three US states for solar installation last year, according to Canary Media.

The same reporting places that ranking against a steady contraction in the state's coal fleet. Canary Media reported that more than a dozen coal plants have closed in Indiana since 2010.

The outlet examined the two trends in the context of federal proposals that would keep Indiana coal generation running, which it reported would threaten drinking water.

Source: canarymedia.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Maryland Cuts EmPOWER Efficiency Program, Targets Commercial Building Code Rules

Maryland has scaled back EmPOWER, its flagship energy-efficiency program, and proposed stripping renewable-energy and load-management requirements out of the state's commercial building code, according to Inside Climate News.

The administration of Governor Wes Moore said the reductions to EmPOWER will deliver consumers "immediate relief," Inside Climate News reported.

Consumer and climate advocates take the opposite view. According to the same reporting, they warn the combined moves could make it harder for the state to hit its pollution-reduction goals.

The building code proposal reaches beyond efficiency measures for utility customers. Removing renewable-energy and load-management provisions would alter what new commercial construction in the state is required to install, per Inside Climate News. Load-management requirements govern how buildings shift or shed electricity demand, a function that intersects directly with the ratepayer savings the efficiency program was designed to produce.

Source: insideclimatenews.org (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Brent Falls to USD 86 as Trump Signals Diplomacy With Iran

Brent crude has slumped to USD 86 a barrel since both sides paused skirmishes on Friday, according to World Oil, after the benchmark soared above USD 100 on Thursday during the flare up in fighting.

President Donald Trump said he would prefer to avoid another escalation in the war with Iran and urged Tehran to make a deal, World Oil reported, laying the ground for further diplomacy after the tit-for-tat strikes stopped.

Asked about the Strait of Hormuz, Trump told Fox News: "Iran doesn't control the strait, we control the strait".

Talks are running in parallel to the public signaling. Omani and Iranian negotiators met in Tehran over the weekend and discussions are ongoing, according to people familiar with the situation cited by World Oil, who asked not to be identified because the matters are sensitive.

Shipping data points to crude moving on a route that bypasses the strait. At least eight crude carriers are signaling Egypt's Mediterranean port of Sidi Kerir to collect Saudi crude, with arrivals set through mid-August, according to ship-tracking data reported by World Oil.

Source: worldoil.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Queensland and NSW Energy Ministers Share Stage as Coal Shares Stay Above Half

Queensland energy minister David Janetzki and NSW energy minister Penny Sharpe appeared together on stage at the Australian Clean Energy Summit in Sydney, according to RenewEconomy.

Both ministers speak for grids still running majority coal. Queensland's grid carried a 60 per cent coal share over the last 12 months, according to Open Electricity as cited by RenewEconomy. The NSW figure stands at 53 per cent on the same measure.

The seven-point gap between the two states is the clearest quantitative marker of how differently the two jurisdictions sit on coal dependence, based on the Open Electricity data reported by RenewEconomy.

Source: reneweconomy.com.au (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Bangladesh Lifts Power Tariffs From June 2026 as Cost Gap Hits BDT5/kWh, IEEFA Says

Bangladesh raised electricity tariffs for most consumer categories effective from June 2026, leaving out only those with very low consumption, after a gap of around BDT5/kWh (USD0.041/kWh) opened between generation cost and the selling price, according to IEEFA.

Industrial users carry the sharpest increase. For industries with a sanctioned load of up to 5MW, off-peak tariffs moved from BDT9.75/kWh to BDT11.56/kWh, and peak-hour tariffs from BDT13.62/kWh to BDT16.06/kWh, IEEFA reported.

Measured against December 2022, the tariff for industries in that sanctioned load bracket has risen by around 50%, pressuring operational costs and competitiveness, according to IEEFA.

Households were not spared. Those consuming more than 75kWh a month face bills at least 18.05% higher, IEEFA said.

The repricing sharpens the case for behind-the-meter generation. IEEFA put the levelised cost of energy from rooftop solar at around BDT3.5-4/kWh (USD0.028-0.032/kWh), against the daytime grid tariff of BDT11.56/kWh paid by industries with a sanctioned load of up to 5MW.

Even with the increase, power sector subsidies will still reportedly reach BDT410 billion (USD3.33 billion), according to IEEFA. That figure sets the scale of the fiscal problem the tariff decision was meant to address, and the distance still left between what the state charges for electricity and what it costs to supply.

Source: ieefa.org (opens in a new tab)1 sourcePermalink

A factory rooftop covered with solar panels beside a substation and power lines under a hazy sky.
Photo: Nova lv / Pexels (opens in a new tab)

Policy & Geopolitics

Deep Sea Minerals Corp. Clears First-Stage NOAA Review for Clarion-Clipperton Concession

Deep Sea Minerals Corp. has received a determination of substantial compliance from the National Oceanic and Atmospheric Administration (NOAA) on its DSHMRA application, the company said in an interview published by Offshore Magazine.

The determination means the application has met first-stage completeness requirements and can proceed into the federal review process, according to the company's own description of the milestone.

The acreage at stake is large. Offshore Magazine reported that Deep Sea Minerals Corp. holds a concession of roughly 150,000 sq km in the Clarion-Clipperton Zone.

The company is a recent arrival to the seabed business. It was founded in Vancouver in 2022 as Copperhead Resources, a land-based minerals venture, then rebranded in early 2026 and moved its focus fully underwater, per Offshore Magazine. It is pursuing a Nasdaq listing.

The pivot came with new leadership. James Deckelman was hired as chief executive in January, bringing more than 25 years of deepwater oil and gas experience from bp, ConocoPhillips, Talisman Energy and BluEnergies, according to Offshore Magazine.

That hiring pattern is itself the signal worth reading in the filing: a company applying for federal seabed review staffed its top job with an executive whose track record is in offshore hydrocarbons rather than hard-rock mining.

Source: offshore-mag.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

IEEFA Urges Australian Energy Regulator to Cut Equity Beta Below 0.5 in 2026 Rate of Return Instrument

IEEFA has filed a submission with the Australian Energy Regulator on the Draft 2026 Rate of Return Instrument, arguing the regulator's revised equity beta remains too high for the risk profile of regulated network businesses.

The AER cut equity beta to 0.55 from 0.6 in the draft instrument. IEEFA calls that a step in the right direction but says the parameter should fall to 0.5 or less.

Equity beta sits at the centre of the allowed return calculation, and every basis point flows into network charges recovered from customers. IEEFA's case rests on what the comparator evidence shows once the sample is screened for genuine similarity in systematic risk.

Across the AER's domestic comparator set, the average equity beta estimate is 0.56 over the longest period measured, according to IEEFA. The international sample average is higher, at 0.68.

That gap matters because of how few foreign firms survive scrutiny. EMAS found only three of the 48 entities in the AER's 2026 international sample are comparable to network service providers on systematic risk: Hydro One of Canada, Vector of New Zealand and National Grid of Great Britain.

IEEFA also flags one change it supports. The draft decision introduces a debt beta of 0.1 for the first time, correcting a longstanding omission in a methodology that previously applied no debt beta at all.

On the risk-free rate, the AER has held its ground. The draft 2026 instrument continues to use the yield to maturity on Commonwealth Government Securities with a 10-year term, rejecting the five-year term proposed by EMAS, the consultant engaged by ECA.

The two contested parameters, equity beta and the risk-free rate term, together set the cost of equity that regulated network businesses are permitted to earn across the instrument's period of application.

Source: ieefa.org (opens in a new tab)1 sourcePermalink

High voltage transmission towers and power lines crossing a rural Australian landscape at soft daylight.
Photo: Masood Aslami / Pexels (opens in a new tab)

Policy & Geopolitics

DESNZ Adds Dataset to UK Energy in Brief 2026 Statistics Release

The UK Department for Energy Security and Net Zero has updated its accredited official statistics publication UK energy in brief 2026, releasing the accompanying dataset on 3 August 2026, according to the department's statistics page.

DESNZ, the United Kingdom's energy department, first published the compilation on 30 July 2026 and recorded its most recent update on 3 August 2026. The dataset itself was published on the later of those two dates.

The publication carries accredited official statistics status and is described by DESNZ as a summary of key annual statistics in the UK energy system.

According to DESNZ, the release covers how energy is produced and used, and the way energy use influences greenhouse gas emissions. It also covers combined heat and power, renewable energy, energy efficiency, energy prices and fuel poverty.

Source: gov.uk (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

DOJ Argues Citizens Cannot Enforce Environmental Laws in xAI Turbine Case

The U.S. Department of Justice has told a federal court that private citizens should not be permitted to enforce environmental statutes and should instead defer to the executive branch, according to The Conversation. The position was filed in litigation involving Elon Musk's xAI.

The Conversation reports that the Justice Department's argument would require plaintiffs to leave enforcement to the executive branch even when the executive decides to take no action.

The underlying case dates to April 2026, when the NAACP, a nationwide civil rights organization, sued xAI in federal court under the citizen suit provision of the Clean Air Act, The Conversation reports. The complaint alleges that xAI and a subsidiary built and operated 27 natural gas-fired turbines in Southaven, Mississippi, without the Clean Air Act permits required for them, to power the company's Colossus 2 data center.

Citizen suit provisions are not a marginal enforcement channel. They have been used in more than 2,000 lawsuits since the 1970s, according to The Conversation.

Two settlements illustrate the financial stakes attached to that mechanism. Formosa Plastics settled a 2017 Clean Water Act citizen suit in 2019 for USD 50 million, money directed to mitigation and remediation projects in Lavaca Bay, Texas, The Conversation reports.

A more recent case closed at a smaller figure. Styropek USA settled a citizen suit brought by PennEnvironment and Three Rivers Waterkeeper for USD 2.5 million in 2025 over plastic pellet discharges in western Pennsylvania, according to The Conversation.

Source: theconversation.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Trump Vows Blockade of Iran as Talks Collapse, Semafor Reports

Diplomatic efforts to end the Iran war ruptured on Monday after Tehran denied that negotiations would take place, according to Semafor.

US President Donald Trump described Iran's leaders as "unbelievably duplicitous," Semafor reported. He later vowed to blockade Iran until "a Deal, or Total Surrender, is accomplished."

On the Iranian side, Semafor reported that Tehran is resolved on a "pressure points" strategy, aimed at reframing Iranian control over the Strait of Hormuz as less costly for the region and the global economy.

Source: semafor.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Crude Shipping Risk Peaks Even as Oil Prices Slip, Kpler Analyst Says

Oil prices fell Monday even as diplomatic efforts to end the US-Iran war and reopen the Strait of Hormuz sputtered, Semafor Net Zero reported.

A Kpler analyst said threats to crude shipping were higher than at any other time during the war, according to Semafor Net Zero. That assessment cuts against the direction of prices on the day.

The logistics of restarting traffic through the strait would lag any political settlement. A Hapag-Lloyd spokesperson told the BBC that even a brisk reopening would leave "three to four months" to restore normal flows.

The diplomatic track itself remains unresolved. A BNY analyst wrote that Tehran hasn't publicly approved Oman's framework, "leaving markets alert to another reversal".

Source: semafor.com (opens in a new tab)1 sourcePermalink

A laden crude oil tanker sails through a narrow strait bordered by coastal cliffs at dusk.
Photo: Burak Başgöze / Pexels (opens in a new tab)

Policy & Geopolitics

Indiana Attorney General Moves to Block Rockport Coal Plant Retirement

Indiana Attorney General Rokita has filed an intervention in a long-dormant case seeking to stop the retirement of the Rockport coal plant in Spencer County, according to CleanTechnica.

The plant is planned to close by the end of 2028, CleanTechnica reported. The filing targets that closure timeline through an existing docket rather than a new proceeding.

AEP Indiana Michigan Power (I&M) owns Rockport, according to the same report. The utility's retirement plan is the subject of the attorney general's intervention.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

A large coal-fired power plant with cooling towers and a tall smokestack under an overcast sky in a rural Midwestern landscape.
Photo: Tom Fisk / Pexels (opens in a new tab)