The Cost of Generating Electricity

Sunday, 6 October 2013

The Cost of Generating Electricity

The problem must be when considering an energy policy includes: the safety of the product, Low cost electricity, environment of national competitiveness and social concerns. Each technology evaluated in this study has its own set of characteristics that are considerably more or less extents depending on the context and with a bearing on the issues above. Hence , the but the mix and should not be determined solely by the price , but a rigorous understanding of costs  of electricity will help policy makers to understand the level of subsidy or market manipulation that should be a desired outcome. Furthermore, the market mechanisms and subsidies will be directly related to the form of urban and perceived benefits and not smoothed across the system, given rise to cross subsidies.

The renewable energy sector already benefits from subsidies worth in the region of   £485 million a Plans to offer further subsidies ( e.g. reductions in transmission charges ) , through amendments to the Electricity Bill , will not lead to extra Investment . This may also drives counter to the spirit of the new European Electricity Directive aimed at promoting competitive energy markets and could Be regarded as further distortions to the market .
This study has some important areas where better understanding of the cost of generating electricity as compared will help in the design of energy policy:
1 . The study will provide a comparative picture for the costs of generating electricity, a number of factors have flexibility and can estimate. This study will be will follow and methodology carefully to other such problems influence the decisions of business in the operator’s electrical generation market.
2 . A number of the utility of hidden or shared throughout the system not clearly divided generators. These balancing costs and spread costs also received additional observations.
3 . Further scrutiny of the commercial claims for nuclear power will help because the records of existing new  create projects.
4 . The variability of the price for emissions and renewable obligation certificates show a level of risk in financial both renewable and conventional plants.
5 . Safeties of products from electrical power have recently been raised as to the problem highlighted by some commentators. Further study of the risks to security of gas supplies (especially natural gas)
and the transmission system security can usefully add to the debate in a policy level.
6 . Policy makers will derive significant value from the new tendency of this study and further work in the utility transmission and distribution, in the amount of reinforcement and re - engineering the grid and distribution systems will be required to support the Government’s plan for new generations.


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