Electricty Grid retailer - Assignment Example

4). Increase the ease and reduce the cost to operate PHEV. Electrical Power: How the Electricity Retailer Can Reduce Consumption During Peak Periods with Low Carbon Footprint Energy Technology Electricity is a secondary source of energy. Electricity is transformed from the combustion of coal and fossil fuels into a secondary source, which can be used and effectively and efficiently transmitted by means of power transmission lines to the consumer. Electricity can also be generated by means of the combustion of biomass.

Other primary sources from which electricity is transformed are: natural gas, solar, hydro, geothermal, wind and nuclear sources. The electricity which is generated from the combustion of coal, natural gas, fossil fuels and nuclear sources is non renewable. Electricity is also generated from renewable sources such as: hydropower, wind, biomass, geothermal and solar (Need.org n.d.). The cost of generating electricity varies between 2.2 pence per kilowatt hour to 3.2 pence per kilowatt hour for the electricity producer.

The least expensive means of deriving electrical power is from a combined cycle gas turbine. The most expensive means of deriving electrical energy through combustion is the coal fired integrated gasification combined cycle plant. Open cycle gas turbines which operate on the combustion of natural gas are the most well suited for new electrical generating facilities. The best candidates for fulfilling electrical power generation requisites at peak duty are the open cycle gas turbines. These open cycle gas turbines are adaptive, reliable and are capable of being efficiently ignited when the demand for electricity reaches its peak demand.

An open cycle gas turbine can generate electricity at 3.2 pence per kilowatt hour when operate continuously. When operated solely at periods of peak duty, the open cycle gas turbine generates electrical energy at 6.2 pence per kilowatt hour (Royal Academy of Engineering n.d.). The operating cost of renewable energy sources is more expensive than the constant cycle gas turbine, the pulverized fuel steam facility, the circulated fluidized bed steam plant and the integrated gasification combined cycle.

Fluctuation of electrical power generation in the renewable energy sources is a limiting factor in the output generation of electrical power. The cost of generation of electrical power varies from 3.2 pence per kilowatt hour to 7.2 pence per kilowatt hour. The cost of generating electrical power is diminished when there is no standby generation from non renewable sources. An onshore wind farm generates electrical energy at a cost of 3.2 pence per kilowatt hour, notwithstanding the standby generation of electrical power from non renewable sources.

In the provision of a standby electrical generator operating from non renewable sources, the cost of generating electricity from an onshore wind farm is 5.4 pence per kilowatt hour. The kilowatt hour cost of generating electrical power from wave and marine technologies is consistent at 6.6 pence per kilowatt hour, with or without a standby electrical generation resource (Royal Academy of Engineering n.d.). The analysis of consumer demand for electrical energy by the electricity retailer requires constant demand data on a monthly, daily and hourly basis.

This data may be evaluated by two means: daily and by the maximum or minimum electrical power consumption. The patterns of demand