High Cost of Electricity


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High Cost of Electricity


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High Energy Costs


Book Description

The two major concerns in the energy policy debate relate to economic efficiency and whether the price should indicate to each consumer the true cost to the economy of using more energy, and the second is that of economic equity where it is argued that energy is a basic necessity for survival and the government has the responsibility to provide assistance for lower-income families. Originally published in 1982, this volume focuses on the uneven impact of rising energy costs on different income groups, regions, and household locations. This collection of papers helps to fill the knowledge gaps about the amount and distribution of household energy expenditure. The volume is organised with a paper introducing each topic followed by one or two discussants’ remarks further examining the issues at hand. It is a valuable title for students interested in environmental studies and national policy.










The High Cost of Electricity Price Uncertainty


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The rapid worldwide growth of renewable energy has been largely underpinned by government support over the past decade. The need for subsidy is fading as the cost of electricity from renewables converges with that from fossil fuels, but the withdrawal of support schemes will also remove the revenue stability offered by auction schemes and contracts for differences. Exposure to market risk (fluctuating wholesale electricity prices) raises the cost of capital for merchant renewable generators. Here we quantify the extent to which increased volatility in future power prices affects revenues by combining electricity market and stochastic discounted cash flow models. Renewable projects relying purely on merchant pricing may see cost of capital rise by two percentage points (e.g. from 7% to 9%). Unless new private or government actors provide hedging solutions, fewer developers will undertake new renewable energy projects, slowing the energy transition and increasing its cost to society.




Understanding Your Utility Bill


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A Question of Power


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An acclaimed author and celebrated journalist breaks down the history of electricity and the impact of global energy use on the world and the environment.​ Global demand for power is doubling every two decades, but electricity remains one of the most difficult forms of energy to supply and do so reliably. Today, some three billion people live in places where per-capita electricity use is less than what's used by an average American refrigerator. How we close the colossal gap between the electricity rich and the electricity poor will determine our success in addressing issues like women's rights, inequality, and climate change. In A Question of Power, veteran journalist Robert Bryce tells the human story of electricity, the world's most important form of energy. Through onsite reporting from India, Iceland, Lebanon, Puerto Rico, New York, and Colorado, he shows how our cities, our money--our very lives--depend on reliable flows of electricity. He highlights the factors needed for successful electrification and explains why so many people are still stuck in the dark. With vivid writing and incisive analysis, he powerfully debunks the notion that our energy needs can be met solely with renewables and demonstrates why--if we are serious about addressing climate change--nuclear energy must play a much bigger role. Electricity has fueled a new epoch in the history of civilization. A Question of Power explains how that happened and what it means for our future.




Demand Response


Book Description

Most electricity customers see electricity rates that are based on average electricity costs and bear little relation to the true production costs of electricity as they vary over time. Demand response is a tariff or program established to motivate changes in electric use by end-use customers in response to changes in the price of electricity over time, or to give incentive payments designed to induce lower electricity use at times of high market prices or when grid reliability is jeopardized. Price-based demand response such as real-time pricing (RTP), critical-peak pricing (CPP) and time-of-