The electricity from renewable energy power stations is generally more expensive than from fossil - fuelled power stations,
so electricity retailers have to have incentives to buy renewable energy.
Not exact matches
Re 273 — not that I am prone to agreeing with Edward Greisch, but those numbers are presumably before profit, or... Well, the number for coal seems about right,
so far as I know, though it is much less than what anyone pays for
retail electricity now.
This involves adjusting
retail electricity prices dynamically as the amount of power in the grid changes
so that consumers can modify their times of
electricity use to better match consumption with generation.
So as California was doubling its share of
electricity from costly renewables, its
retail electricity prices rose in line with the rest of the nation as the cheaper natural - gas - generated
electricity covered for the more expensive green energy.
So now Rio and BHP Billiton have joined the lengthening line of companies asking for a carbon price, such as
electricity retailer AGL and technology company Siemens which were co-signatories of an open letter earlier this year.
Because DC is a competitive
retail electricity market, this will provide an incentive for suppliers to secure cleaner sources of energy
so that they can avoid the carbon fee and offer lower rates for customers.
It would be quite possible, and highly desirable, to set up the charging stations
so that power from the grid would go into the batteries when the
retail electricity price is low and power could be taken out of the batteries when the
retail price is unusually high.
-- The term «distribution utility» means an entity that distributes
electricity directly to
retail consumers under a legal, regulatory, or contractual obligation to do
so.
(But one must remember that renewables are suppressing the wholesale price of
electricity,
so it is questionable if the
retail price is increased by renewables at all.)
Our modelling indicates strongly that a tax at this low level will have no effect upon coal - fired generation and, given the relatively low price elasticity of demand for
electricity at the
retail level (probably because
electricity has been
so cheap in Australia), the demand side effect would be negligible and difficult to spot given the srong secular growth in demand.