5.1 Conclusion
Following the data analysis performed in the fourth chapter. The following are the findings of this study:
I. The unit cost of energy provision in Nigeria’s power sector varies by region. The region covered by the Yola and Ikeja distribution company had the highest and lowest marginal costs of providing one unit of electricity – respectively - over the period of three years from 2015 – 2017. Also, the cost of distributing one unit of electricity makes up the highest percentage of the unit cost of energy provision, which can be attributed to the large metering gap currently in existence within the sector.
II. The revenue generated from providing a unit of electricity to the average end consumer varies by region. The
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This will increase the efficiency of revenue collection while also cutting down the costs incurred from distribution activities. DisCos should also be made to purchase locally manufactured meters from the instead of importing “so-called” smart meters and incurring higher costs.
II. Having established that prices are charged on a region-to-region basis. It is recommended that tariffs should be made 100% cost reflective with no provision for sculpting given DisCos inability to raise fund from commercial banks to finance under-recoveries built into the tariffs. The level of tariff sculpting (if any), should be determined by each individual Disco, however, this will be dependent on DisCos signing up to activating their contracts, making full payment and bearing stiff sanctions in case of default. Also, reviewing meter pricing (in the tariff structure) that is still benchmarked to a foreign currency exchange rate of N160. This is one of the reasons why there is a shortage of meters in the market. Furthermore, the DisCos need to open up their financial records and be more accountable to enable the GenCos and the TCN to collect the monies due to them by law.
III. Prices set using the MYTO methodology are only cost-reflective when their underlying assumptions are met, therefore:
a.
In response to the question set, I will go into detail of the study, consisting of the background, main hypotheses, as well the aims, procedure and results gathered from the study; explaining the four research methods chosen to investigate,
The findings of this study may further contribute to the body of knowledge which may serve as bases for further research.
Methodological Issues Article Review. Read the following articles, which can be accessed through the ProQuest database in the Ashford University Library:
Chapter 4 explained the results obtained from analysis of the surveys. The results were analyzed and significant findings were discussed further.
In 2007, Canada’s industries saved 2.1 billion U.S. dollars of energy costs (2007). All these numbers show Canada’s efforts in general public utilities.
For instance, Hawaii is being charged for things like renewable energy, and energy efficiency programs. However, a national energy expert Robert Thormeyer, a spokesman for the National Association of Regulatory Utility Commissioners, says it is not as easy to see whether Hawaii’s non-fuel charges are realistic because Hawaii has a unique isolated electric grids (Robert Thormeyer, 2015). It actually only currently cost Hawaiian Electric Company around 13.6 cents per kilowatt hour to generate electricity from its oil, but they charge residents 20-20 cents per kilowatt hour. In addition, a consumer is also paying an additional twelve dollars a month or one hundred forty-four dollars a year because of a program called decoupling. On top of that addition cost, consumers are charged an extra five dollars a month to support Hawaii’s energy efficiency and renewable energy programs. Therefore, consumers are paying addition fees without a choice because Hawaiian Electric Company is the only electric company in
The following section will present conclusions drawn from my investigation and research related to the questions presented.
There are several mechanisms that monitor the cost of producing/providing power to these units. It includes the efficient usage of low energy consumption lights as well as not abusing electricity. Furthermore, the consumption is to be reduced during peak hours where the cost per unit is the highest. It is possible that the supply of these units is made effective based on an increase in the total capacity of the electricity to be delivered. This will increase the supply and enable the electricity providers to provide energy to these units in an efficient manner.
However, the pitfalls of the study are also included in this section as well as the factors that limited the study. This section should however, compare the results with those from other similar studies. Yet for this paper, that part was lacking. Besides, the paper discussed the potential limitations to the research as well as the strengths of the study (Viktrup, 2002). The study’s implication is also inclusive and is clearly structured and helpful. Finally, the paper had a conclusion that contained a summary and the recommendations.
To be specific, the AB stated even if the demand side factors suggested that the definition of the market should be a single electricity market, regardless of its sources, the supply side elements also implied that the renewable energy market created by the government should be the market benchmark which should be distinguished from the regular energy market. As stated above, it is clear that the theories of ‘supply side’ and ‘demand side’ were in the equal position. Therefore, there was not enough evidence for the AB to abandon the theory of ‘demand side’. As these two theories were in the equal position, the consumers’ views should be worth referring to. To be specific, the Panel found that the consumers do not distinguish electricity on the basis of generation technologies, prices and usage. Furthermore, the AB also expressed the same opinion, saying electricity is identical and there is high demand substitutability between electricity through various technologies. Obviously, the consumers did not care about the electricity generation sources.
According to the case study written by Jurek, Bras, Guldberg, D’Arcy, Oh, and Biller, energy costs were steadily rising and were predicted to continue this trend going into the future. At the same time, utility companies were beginning to implement Smart Grid technologies to increase the efficiency of energy distribution. One resulting program to emerge from
The first common theme that will be discussed in this section is the methodology of the study. The three articles presented similar method of collecting data, as well as, using a small sample size. Lilendfel et
The objective of this chapter is to describe the procedures used in the analysis of the data and present the main findings. It also presents the different tests performed to help choose the appropriate model for the study. The chapter concludes by providing thorough statistical interpretation of the findings.
Trinidad and Tobago Electricity Commission (T&TEC) is state owned and regulated and is by law, the sole retailer of electric power in the twin island Republic which was formed in 1946 after the merger of independent companies with well over 3000 employees. The company is responsible for the design, construction, operation and maintenance of the country 's electrical transmission and distribution network. The utility supplies electric power to customers on both islands via a single interconnected grid. T&TEC purchases the bulk electric power from independent generation companies for resale, and is also responsible for securing fuel supplies for the generation companies. (Trinidad and Tobago Electricity Commission, n.d.)
As human beings, we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue, interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes.