demand

New Energy Outlook - A techno-economic review

New Energy Outlook - A techno-economic review

Rapid acceleration of changes in the energy sphere renders preparations for their implicit challenges difficult. Bloomberg’s recently published 2018 New Energy Outlook (NEO) highlights key market drivers and integrates insight from a variety of experts to evaluate how the energy market will evolve in the coming decades.

From a pragmatic perspective, the electricity system will have to technologically adapt to enable these trends without inflating costs or dangerously destabilising the system. Electrical Engineer, Alex Kleidaras reviews some of the claims of NEO, with regards to their implications and requirements for their feasibility.

Energy Explainer: Electricity Markets

Energy Explainer: Electricity Markets

In order to explain how the lights stay on, we first need to have a broad overview of how electrical networks work. This article gives a review of the evolution of electricity markets over the past century and explains the complex system they have become.

Energy Explainer: Electrical load

Energy Explainer: Electrical load

Electrical load is the component in a circuit that draws or consumes power as opposed to providing it. On a small scale, such as a torchlight, load can be the lightbulb. In a consumer’s home, load is determined by multiple factors, such as the type of devices being used, the frequency of their usage, and the time of day or year. The daily minimum level of electricity demand is known as the “baseload”. Peak load” is the amount of electricity needed when demand is at its highest. As different energy technologies have inherently different mechanical features, baseload and peak load demands are typically supplied by different types of generation plants.