Power Economics and Emissions
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Transcript of Power Economics and Emissions
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Power Economics and Emissions
Sean Lee and Madelyn Fahhoum
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What is Power Economics? -The study of the costs and efficiencies of transporting electricity from conductors to consumers
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What Do Power Economists Do? - Specialize in making sure that the energy
sources are not overloaded- Work to maximize output of energy without
increasing emissions- Try to use combinations of energy sources
to lower costs- Work to prevent outages http://tcipg.org/applet-eco
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Power Economics and Power in the Home: What’s Different? •Macro vs Micro •Balance between power
sources•Number of power sources•Cost
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Solar•2005- .02% of total power•2013- .54% of total power•Last 25-40 years•Home use efficiency: 11-15%•One time installment fee•Output 100-320 watts •Cost about $10,000 per kilowatt
capacity in a solar power system
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Wind• Wind energy can be sold at 5-6 cents per kilowatt
hour (just around the national grid average of 5 cents per kilowatt hour)
• New onshore wind turbine plants placed in 2018 with a life expectancy of 30 years will initially cost around $90 per megawatt hour (9 cents per kilowatt hour)
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Hydroelectric• By far the cheapest of the renewable energy sources
in the United States▫In the Pacific Northwest, cost is about 4 cents per
kilowatt hour (three times cheaper than national average)
• Most of the cost involved comes from building the dams
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Nuclear•Average cost is about 1.65 cents per
kilowatt hour•Main disadvantages are high initial costs
(construction of plant) and safety concerns
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What can we do? •Invest in new, efficient appliances•Be conscious of energy
consumption•Turn your electronics off when
they are not being used•Spread the word about the
advantages of green power
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Works Cited • http://
www.environmentmagazine.org/Archives/Back%20Issues/November-December%202010/not-co2-emission-full.html
• http://claimsmate.com/blog/insurance-claims-getting-money/• http://www.gobankingrates.com/savings-account/how-to-save-electricity-even-get-paid/• http://www.clker.com/clipart-cartoon-sun.html• http://garciamedialife.files.wordpress.com/2013/04/beard-uncle-sam.jpeg• http://www.agricorner.com/german-firm-to-set-up-first-solar-panel-plant-in-pakista• http://tcipg.org/applet-eco• http://en.wikipedia.org/wiki/Solar_power• http://www.ibuzzle.com/articles/average-solar-panel-efficiency.html• http
://www.environmentmagazine.org/Archives/Back%20Issues/November-December%202010/not-co2-emission-full.html
• solarenergy-usa.com• ndrc.org• awea.org• theenergycollective.com• hydro.org• zebu.uoregon.edu• world-nuclear.org• nei.org• wikipedia.org
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Thank you!
Questions?