Unit 4 Assignment 1 Total Cost Of Energy

As the global population increases exponentially, having passed six billion in 1999, the world population is expected to be 8.9 billion by the year 2050. The worlds energy consumption will increase by an estimated 54 percent by 2025. Energy demand in the industrialized world is projected to grow 1.2 percent per year. Energy is a critical component of sustained economic growth and improved standards of living. One of the major requirements for sustaining human progress is an adequate source of energy. As the world’s technological enhancements and standards of living improve, so too does their appetite for electricity.

The low price elasticity of demand for household energy given the lack of easy alternatives means that consumers will continue to purchase it even when prices rise drastically as we can see from extract A they did over the three year period. Furthermore the complex pricing structures in the energy market make it difficult for consumers to exercise any consumer sovereignty because they lack the information or indeed don’t know how to interpret it, to make a decision which is in their best interest.

Site waste management would be in place, site waste will be at an absolute minimum due to offsite manufacturing of the building system.

Currently, the energy (electricity generation) sector in Canada is facing a major crisis, which is the fear of running out of world’s natural resources to produce electricity. Even though the Canadian government is promoting renewable resources, it will take a long time to establish a network that is completely dependent on renewable resources. In the meantime, the population of Canada is growing drastically and cities such as Toronto is struggling to meet the rising demand for electricity due to urbanization.

Renewable energy has currently become a significant aspect in the countries generation, combination, and a constitution focus of government policy for energy, and environmental protection. As a result of public’s growing responsibility for the environment and constantly binding rules, and regulations of emission in the electric power industry, government has facilitated policies to boost the amount of renewable energy in the electricity generation portfolio. Additionally, the generation of electricity from renewable resources creates insufficient, and frequently, zero emissions of pollutants that comes from traditional fossil fuel production technologies. The additional use of renewable energy aids utilities in their emission agreement obligations. Furthermore, the anticipation of agreement with any future carbon emissions management would further toughen the incentive to move towards cleaner electricity creating technologies (Langwith, 2009).

Everyone uses a lot of power for lighting, heating, machines, movements, and so much more. All of that energy has to come from an energy supply. Some energy resources are renewable, while others are non-renewable. Energy has various forms and is a very essential part of our everyday lives.

Continued investment should be encouraged in order to develop the best technology in energy for the future. Continued investment will allow for new and exciting developments that will improve the energy industry in the long run. It will assist the industry in satisfying the growing demand and need for sustainability. There are a number of political and legal factors that are significant to the energy industry. For example, laws and government regulation on energy use could potentially affect the demand for domestic energy and thus lead to a shift in prices. However, with an increase of clean energy use, the demand for energy will not change dramatically due to laws and regulations, instead, the future prosperity of the globe will improve.

In conditions when both technologies and our needs require more and more energy, it is impossible to count only on natural resources and to think that their reserves are unlimited. This is not true. We have learned to receive electricity from irreplaceable resources – oil, gas, also from replenished - water, wind, sun. But the energy of the sun or wind is not enough for today’s rythm of our civilization. And hydroelectric and thermal power plants are not as clean and economical for the modern rhythm

As far as lowering the costs in regard to our Utility services, we can install light switches that are motion sensored. Each unit (conference room) can have its on power source so that when rooms are not in use, electricity is not overburdened.

The energy industry has seen some changes by way of deregulation in the supply of energy for both businesses and residential. Giving the power to owners to choose who supplies them electric and natural gas and at what rate they want it supplied because of the competition from suppliers, some supplier offering rate as low as $0.0619 per KWH. These new regulations policy has initiated changes in the mode of operation of American electric power (AEP) with the supply of energy.

When we flip a light switch, or plug our laptop or cell phone charger into the wall, we expect that electricity will flow to illuminate the room or to power up the device at the other end of the cord. But what if the power companies weren’t able to generate enough electricity to make these actions possible? As the United States’ population increases and continues to undergo economic growth, this demand for energy will only continue to grow. The International Energy Agency (IEA) believes that “the world’s energy needs could be 50% higher in 2030 than they are today” [1]. And while Americans only make up about 5% of the world’s population, we consume more than 20% of the world’s energy supply [2].

Over the past decade, energy has brought social, economic and environmental advantages and played a major role in the urbanisation and industrial revolution. However, after the uncontrollably frequent use of these energy sources, depletion of these energy sources also became a major concern which brings about its own economic, social and environmental disadvantages. Of a particular concern is the availability of these energy sources which affects both industry and the lives of the consumers.

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

In this case we will have a measurement from a switchgear cabinet that covers several unit processes, for example lighting and forklift charging for a garage and picking stock, as shown in Figure 8. The data from clamp no. 1 in the switchgear must be complemented by simulta‐ neous measurements from clamps 2 and 3 in the distribution board, where clamp 2 measures the total incoming current to the Central Garage board and clamp 3 measures the outgoing current to the forklift chargers. Later, the data from clamp 2 in the Central Garage distribution board can be subtracted from clamp 1 in the switchgear to get a picture of the energy use in Central Picking Stock and Central Large Hall. At the same time you have parallel measurements of the air compressor from clamp no 4. The clamp

Talking about the importance of energy efficiency measures in India, the first thing that comes to the mind is JNNURM mission, a joint initiative by the Ministry Of Urban Employment and Poverty Alleviation and the Ministry of Urban Development on behalf of the Government of India. But before going to the details of JNNURM mission it is important to first understand the importance and need of Energy Efficiency in the Indian context.