Concept
Cost of electricity by source
Related concepts (43)
Grid-tied electrical system
A grid-tied electrical system, also called tied to grid or grid tie system, is a semi-autonomous electrical generation or grid energy storage system which links to the mains to feed excess capacity back to the local mains electrical grid. When insufficient electricity is available, electricity drawn from the mains grid can make up the shortfall. Conversely when excess electricity is available, it is sent to the main grid.
Geothermal energy
Geothermal energy is thermal energy in the Earth's crust. It combines energy from the formation of the planet and from radioactive decay. Geothermal energy has been exploited as a source of heat and/or electric power for millennia. Geothermal heating, using water from hot springs, for example, has been used for bathing since Paleolithic times and for space heating since Roman times. Geothermal power, (generation of electricity from geothermal energy), has been used since the 20th century.
Pumped-storage hydroelectricity
Pumped-storage hydroelectricity (PSH), or pumped hydroelectric energy storage (PHES), is a type of hydroelectric energy storage used by electric power systems for load balancing. The method stores energy in the form of gravitational potential energy of water, pumped from a lower elevation reservoir to a higher elevation. Low-cost surplus off-peak electric power is typically used to run the pumps. During periods of high electrical demand, the stored water is released through turbines to produce electric power.
Stirling engine
A Stirling engine is a heat engine that is operated by the cyclic compression and expansion of air or other gas (the working fluid) between different temperatures, resulting in a net conversion of heat energy to mechanical work. More specifically, the Stirling engine is a closed-cycle regenerative heat engine, with a permanent gaseous working fluid. Closed-cycle, in this context, means a thermodynamic system in which the working fluid is permanently contained within the system.
Electricity generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Usable electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants").
Nominal power (photovoltaic)
Nominal power is the nameplate capacity of photovoltaic (PV) devices, such as solar cells, modules and systems. It is determined by measuring the electric current and voltage in a circuit, while varying the resistance under precisely defined conditions. The nominal power is important for designing an installation in order to correctly dimension its cabling and converters. The peak power is not the same as the power under actual radiation conditions. In practice, this will be approximately 15-20% lower due to the considerable heating of the solar cells.
Base load
The base load (also baseload) is the minimum level of demand on an electrical grid over a span of time, for example, one week. This demand can be met by unvarying power plants, dispatchable generation, or by a collection of smaller intermittent energy sources, depending on which approach has the best mix of cost, availability and reliability in any particular market. The remainder of demand, varying throughout a day, is met by dispatchable generation which can be turned up or down quickly, such as load following power plants, peaking power plants, or energy storage.
Battery storage power station
A battery storage power station is a type of energy storage power station that uses a group of batteries to store electrical energy. Battery storage is the fastest responding dispatchable source of power on electric grids, and it is used to stabilise those grids, as battery storage can transition from standby to full power in under a second to deal with grid contingencies. Battery storage power stations are generally designed to be able to output at their full rated power for several hours.
Energy economics
Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required (e.
Life-cycle greenhouse gas emissions of energy sources
Greenhouse gas emissions are one of the environmental impacts of electricity generation. Measurement of life-cycle greenhouse gas emissions involves calculating the global warming potential of energy sources through life-cycle assessment. These are usually sources of only electrical energy but sometimes sources of heat are evaluated. The findings are presented in units of global warming potential per unit of electrical energy generated by that source.