In other words, if the level of future electricity prices is set as a target, the realizable level of energy savings is determined automatically. In order to accelerate the introduction of energy-saving technologies in the market economy, there must be a sufficient increase in electricity prices as a background factor so that the purchase of such technologies would be a rational investment opportunity for companies and households. As they reach the end of their respective useful lives, new energy-saving technologies are gradually incorporated into the economic system without significant additional costs. Energy conservation is achieved, in large part, by introducing energy-saving technologies in the form of capital accumulation. Energy conservation (power saving) and the rise of electricity prices are the two sides of the same coin. However, greater energy conservation will have a larger impact. This is usually attributed to an expected increase in the share of renewable energy sources. Why are electricity prices expected to rise so sharply? In 2012, the Energy and Environment Council under the then government led by the Democratic Party of Japan (DPJ) proposed a set of options for energy and environmental scenarios, all of which with the assumption of electricity prices increasing by 60% to more than 100% by 2030. However, projections made by the government in the past assumed a sharp rise in electricity prices in the coming years. Some people might expect that the long-term energy supply and demand outlook naturally will take into account a degree of suppression of rising electricity prices. The Ministry of Economy, Trade and Industry (METI) established a subcommittee under the Advisory Committee for Natural Resources and Energy to develop a long-term outlook for energy supply and demand in Japan and consider the nation's electricity power mix in 2030. As a result, its reliance on fossil fuel has reached 88% and electricity prices have risen by 35% compared to the pre-crisis level. Peak loads occur infrequently, so low-cost generators that have high fuel costs are the most economical.Are Japanese consumers, who are already being forced to pay more than twice what their American counterparts pay for electricity, ready to accept a further electricity rate increase? Following the Fukushima nuclear power disaster, Japan increased the use of fossil fuel sharply to make up for the shuttered nuclear power plants.Examples of this are natural gas or oil units such as BELD's The Thomas A. Intermediate loads are cheaper to service with less-expensive, less-efficient units because they do not run constantly.Base (or constant) loads are best served with expensive but super-efficient generators that are very inexpensive to operate and maintain, yielding extremely cheap costs per kilowatt-hour.Normally, generators are designed based on the amount of continuous run-time and the variability of the load they are expected to experience: Economy-Base, intermediate, and peak loads are most economically served by different types of generators.Fuel diversity-Individual fuel prices swing widely over time, so it pays to use many different fuel types.Reliability-Individual units can and do fail sometimes, but groups increase overall reliability.In 1998, BELD installed a fiber optic network throughout the town, connecting all of its substations and providing computer communications, phone service, and electric circuit relaying.īELD gets its power from so many resources because the utility industry's motto is "Don't put all your eggs in one basket." Here's why: The department is very proud of its customer service and electric system reliability. They include a 96 megawatt (MW) combined-cycle power plant (Potter II), and the two new Thomas Watson 58 MW quick-start simple-cycle turbines. In addition to receiving power from many units within New England, BELD currently owns and operates three power plants and bids these plants into the ISO New England market system.
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