Power Markets
Cubans tell students and non-essential workers to stay at home during the latest blackout
Cuba told all non-essential employees to stay at home as the electrical grid failed due to the failure of an important power plant. This led the island into a blackout. According to reports from the government, only six of 15 oil-fired plants in the country are currently operating. A severe fuel shortage has also made it impossible for smaller clusters diesel-fired generators to be used to back up the system. The island's electrical system has been crippled by the predicament, leading to the biggest blackouts since late last year when several grid failures across the country left the entire 10...