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  2. Ring circuit - Wikipedia

    en.wikipedia.org/wiki/Ring_circuit

    The ring is fed from a fuse or circuit breaker in the consumer unit. Ring circuits are commonly used in British wiring with socket-outlets taking fused plugs to BS 1363 . Because the breaker rating is much higher than that of any one socket outlet, the system can only be used with fused plugs or fused appliance outlets.

  3. Distribution board - Wikipedia

    en.wikipedia.org/wiki/Distribution_board

    This type of consumer unit was very popular in Britain until 2001 when wiring regulations mandated residual-current device (RCD) protection for sockets that could "reasonably be expected to" supply outdoor equipment (BS 7671:2001, ISBN 0-86341-373-0). There were a number of similar designs from other manufacturers but the Wylex ones are by far ...

  4. Network protector - Wikipedia

    en.wikipedia.org/wiki/Network_protector

    Grid units will always be energized on the top side from the many other units tied into the grid. A spot network is 2 or more transformers dedicated to a single customer. The grid feeds multiple customers. A network protector has a circuit breaker set of contacts and a controlling protection relay. The components are enclosed in a protective ...

  5. Electricity pricing - Wikipedia

    en.wikipedia.org/wiki/Electricity_pricing

    The cost of electricity also differs by the power source. The net present value of the unit-cost of electricity over the lifetime of a generating asset is known as the levelized cost of electricity (LCOE). However, LCOE does not account for the system costs, in particular related to the guarantee of grid stability and power quality, which can ...

  6. Electrical wiring in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Electrical_wiring_in_the...

    (3) The consumer unit and obviously its final circuits, plus the tails connecting the consumer unit either directly to the meter or to a supplier fitted isolator, belong to the owner of the premises. (If an owner has their own isolator fitted between the meter and consumer unit then naturally they would own it and the tails on both sides of it).

  7. Customer cost - Wikipedia

    en.wikipedia.org/wiki/Customer_Cost

    For the consumer, price is only one part of total cost of a product. The consumer has the additional costs of transportation, usage and eventually, disposal of the product. Together, these costs are referred to as the total customer cost (TCC). In contrast to price, which is a producer-oriented concept, TCC focuses on the consumer and includes ...

  8. Marginal rate of substitution - Wikipedia

    en.wikipedia.org/wiki/Marginal_rate_of_substitution

    For example, if the MRS xy = 2, the consumer will give up 2 units of Y to obtain 1 additional unit of X. As one moves down a (standardly convex) indifference curve, the marginal rate of substitution decreases (as measured by the absolute value of the slope of the indifference curve, which decreases).

  9. Consumer unit (economics) - Wikipedia

    en.wikipedia.org/wiki/Consumer_unit_(economics)

    In economics, a consumer unit is defined as either (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more ...

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