Electricity costs

External costs of electricity generation

Internalizing of external costs leads la a beller allocation of economic resources, and so to an improvement of welfare. However, if the external effects that can be quantified and monetized are added to the internal costs, the cost relations between different electricity generation systems are not necessarily changed. Of course, the underlying assumptions (like dose-response relationships) are...

Assessing the Costs of Electricity

■ Abstract We review the economics of electricity generated, or conserved, from a diverse range of fossil-fuel, nuclear, and renewable energy sources and energy efficiency options. At the same time, we survey the methods used to compute the costs of generated and delivered electricity and power, including bus bar costs; wholesale and retail marketplace costs; life-cycle accounting systems; prem...

Minimising costs and variability of electricity generation by means of optimal electricity interconnection utilisation

We examine the payoffs to electrical interconnection between isolated systems considering minimisation of both costs and variability. We demonstrate that optimal interconnection portfolios cannot be derived analytically and must be simulated numerically. We present a mixed-integer linear programme which maximises payoff to interconnection and simulates the operation of stylised electricity syst...

How to Compare Fuel and Electricity Costs for Home Heating

The Social Costs of Electricity: Do the Numbers Add Up?

Several recent studies have mounted major efforts to estimate the social cost of electricity generation. This paper provides an overview of this literature and a focused qualitative and quantitative comparison of the most comprehensive and rigorous of these studies. The paper also provides a synthesis that can help reduce the cost of future applications of these methods.