Search results
Results from the WOW.Com Content Network
In the United Kingdom, suppliers are legally obliged to purchase a proportion of their electricity from renewable sources under the Renewables Obligation and there is a danger that energy suppliers may sell such green electricity under a premium 'green energy' tariff, rather than sourcing additional green electricity supplies. [3]
The pricing or tariffs can also differ depending on the customer-base, typically by residential, commercial, and industrial connections. According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid."
Ecotricity building in Rowcroft, Stroud, one of its three bases in the town. Vince later went on to build commercial wind-monitoring equipment, which the company still does today, using the name Nexgen. [7] Ecotricity started generation with a 40-metre turbine in 1996, which at the time was the largest in the country. [8]
The Feed-In Tariff applies to small-scale generation of electricity using eligible renewable technologies. To encourage development of these technologies, feed-in tariffs pay the generator a certain amount – even for energy which the generator themselves consumes. [6] Electricity fed into the grid receives an additional export tariff.
The Renewables Obligation (RO) [1] is a market support mechanism designed to encourage generation of electricity from eligible renewable sources in the United Kingdom.There are three related schemes for the three legal jurisdictions of the UK.
MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.
Economy 7 Meter and Teleswitcher. Appliances such as night storage heaters and hot water boilers are often on a separate circuit which is only switched on only when the night rate is activated, however any electrical appliance on an ordinary circuit during this period also runs at the lower rate of billing.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...