Record heat is bringing record electricity use this month, after peak electricity consumption yesterday broke all historical records, Taiwan Power Co (Taipower, 台電) said.
As the mercury spiked close to 39°C, Taiwan’s electricity consumption reached as high as 37.79 gigawatts (GW) at 1:59pm yesterday, higher than the previous record of 37.53GW, seen just a day prior, the state-run utility said.
The top 10 peak consumption records have all occurred in the past three years, Taipower said.
Photo: CNA
As the high temperatures are likely to continue this summer, more records might be set, it said.
However, Taipower assured people that there is so far no need to worry about electricity shortages, despite the record-breaking demand, Taipower manager Chang Ting-shu (張廷抒) said.
“Our operating reserve margin is still 10.38 percent,” Chang told the Taipei Times by telephone, referring to the company’s “green” indicator.
The operating reserve margin is the amount of additional power that can be drawn from operational power plants to meet electricity demand in case a generator goes offline.
Taipower uses a five-color warning system to reflect the stability of the nation’s power supply, with “green” denoting an operating reserve margin of 10 percent or above and suggesting that the nation has an adequate supply of electricity.
“Yellow” means that the operating reserve margin is 6 to 10 percent, while “orange” signals a reserve margin of below 6 percent, “red” indicates less than 900,000 kilowatts and “black” less than 500,000 kilowatts.
Taichung Power Plant’s controversial No. 2 coal-fired generator was yesterday running at full capacity, the company said.
“We could not have done without it [No. 2 generator],” Chang said, adding that without the generator’s contribution of 0.55GW of electricity, the operating reserve margin would have fallen below 10 percent.
The Taichung City Government late last month fined Taipower for restarting the No. 2 generator, but the fine was later revoked by the Environmental Protection Agency.
Chang credited solar power for generating 2.13GW of electricity during peak usage, when it was needed most, saying that it accounted for 5.5 percent of total peak usage yesterday.
“Of course, the hotter it gets, the more electricity we use,” he said. “Fortunately, that is also when we get the most electricity from solar power generation.”
Wind power generation is strongest in winter, he added.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
The global server market is expected to grow 12.8 percent annually this year, with artificial intelligence (AI) servers projected to account for 16.5 percent, driven by continued investment in AI infrastructure by major cloud service providers (CSPs), market researcher TrendForce Corp (集邦科技) said yesterday. Global AI server shipments this year are expected to increase 28 percent year-on-year to more than 2.7 million units, driven by sustained demand from CSPs and government sovereign cloud projects, TrendForce analyst Frank Kung (龔明德) told the Taipei Times. Demand for GPU-based AI servers, including Nvidia Corp’s GB and Vera Rubin rack systems, is expected to remain high,