Extensive reporting on the ongoing energy crisis is grabbing the attention of all readers in the past few weeks.
Mint recently reported, “Power plants across the country regulated generation after stock ran low. Against the requirement of maintaining 15 days to 30 days of stocks, over half of the country’s 135 coal-fired power plants, which in total supply around 70 per cent of the nation’s electricity, have fuel stocks of less than two days, as per the data from the grid operator.”
It is said that states like Punjab, Kerala, Rajasthan, Tamilnadu, Andhra Pradesh, Delhi are all likely to be affected with power cuts in the days to come. Jharkhand and Bihar are also widely affected. However, Tamilnadu & Karnataka in particular are less likely to be affected because of the higher renewable energy mix.
However, what needs to be highlighted at this point, is if and how is the energy crisis going to affect the common man? There are three main direct effects of the energy crisis to the common man today.
- Increase in Cost – As days pass by, the demand for these fuels increase and their available quantity decreases. This leads to an immense increase in the price of fossil fuels, causing the price to go up tremendously, creating a huge economic disturbance across the globe. (Source: Conserve Energy) The short-term power price on the Indian Energy Exchange continued its upward trend (January 2021: ₹3.18/kWh; January 2020: ₹2.86/kWh) with a 17 per cent year-on-year increase in the traded volumes witnessed in the day-ahead market. – would this suffice? (Source – Hindu Business Line)
- Loss of employment – “Since energy prices affect economic decisions across the supply chain, the rise in prices has had a significant impact on economies with many companies in Europe and Asia shutting down, unable to bear high energy costs.” (Source: Hindu)
- Environmental affects – Energy is produced by the burning of non-renewable fossil fuels. This does not only affect the global resources of fossil fuels, but it also affects the environment. The burning of fossil fuels releases greenhouse gases like carbon dioxide and others. (Source: Conserve Energy)
Adding to this, the union ministry of power has commented on the energy crisis saying an unprecedented increase in energy demand is one of the main reasons for coal shortage, thus ultimately leading to an energy crisis.
This is the right time to switch to the renewable energy sector and save our future from the energy crisis! With the tons of benefits solar energy offers in its long lifespan, switching to solar energy is not just an option but the need of an hour. Switching to solar will not only solve the above mentioned challenges, but also provide you with economical and sustainable benefits.
We, at SunEdison, believe in contributing to the environment and leaving behind a greener planet for our future generations. Let’s come together during this energy crisis to fulfill this vision and go solar.
You can read more about the benefits of solar on our previous blogs: