newly-published report "Are We Entering an Age of Increasing Power Supply Disruptions?" by the IHS Markit Global Power and Renewables service claims that at least 350 million people worldwide — more than 4% of the global population - have been affected by major power supply outages in 2021. Incidents involving the largest power supply disruptions have occurred in regions which - hitherto - have had a relatively reliable supply. These include rolling blackouts and power rationing in China, grid failures in Afghanistan and Lebanon, underproduction of power in Iraq, Winter Storm Uri power crisis in Texas, a nationwide blackout in Pakistan and ongoing rolling blackouts in Sri Lanka. New challenges like extreme weather and the energy transition are adding to the risk of disruption on top of longer-standing challenges such as lack of maintenance and chronic underinvestment in generation and grid assets in many markets around the world, the report suggests.
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