Nigerians to pay more for electricity in 2020

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The Federal Government has extended the suspension of the new electricity tariff by one week. The tariff was suspended when organised labour suspended the planned industrial action over agitation on the hike in electricity tariff on September 28.

Nigeria's low income earners groan over electricity tariff hike

NordLink is one of the world's longest subsea cables. It will connect the energy grids of Norway and Germany, with a test run already completed successfully. It will provide some 3.6 million households with green power.

In the first half of 2021, coal shot up as the biggest contributor to Germany's electric grid, while wind power dropped to its lowest level since 2018. Officials say the weather is partly to blame.

The price of electricity in Spain has skyrocketed in recent months, leaving some consumers with difficult choices to make about their spending. The Spanish government has announced measures including a VAT cut and a windfall tax on energy company profits to try to combat the price increases, which have been triggered by the rising price of gas. Also today, the troubled Chinese property developer Evergrande faces a major debt deadline.

A young Congolese designed a wind turbine in his parents’ backyard in Kinshasa. It generates enough electricity for his household. Now, Francy Kalonji plans to expand production to supply his neighbors with electricity.

In Turkey, inflation reached a record annual rate of 36 percent at the end of 2021. The Turkish lira has plummeted and in supermarkets, workers are forced to change price tags on basic necessities several times a day. Turks are increasingly struggling to buy staple foods like flour and milk. While some have taken to satirising the crisis on social media, protests remain rare out of fear of repression. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.

Sri Lanka's ongoing economic meltdown is getting worse day by day. It's the worst financial crisis this island nation of 22 million people has faced since its independence seven decades ago. The country's foreign reserves have been dangerously low in recent months, and experts fear the country is on the verge of default.

Amid supermarket food rationing, a truck drivers' strike over petrol prices and rising inflation in Spain, the country's economy minister tells FRANCE 24 that it's "essential" for Madrid to be allowed to take measures to bring electricity prices down. "We're working with the Commission to have an authorisation to decouple our energy market and thus stop this price increase […] It doesn't make sense that Spanish and Portuguese citizens do not benefit from the fact that we have for instance at least 50 percent of our generation from renewables. This is very cheap and clean energy and our citizens should benefit from these low prices," Nadia Calviño explains.

Traders across various markets in Nigeria have lamented the fast-growing inflation as food prices have continued to record an exponential growth in price. GuardianTV went to the market to speak with both sellers and buys about how expensive things have become.