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China Japan Russia India Germany Canada France S. K. Italy 0% 5% 10% 15% 20% 25% of the expansion has to increase to accommodate a constant growth rate). 6 trillion in 2007 dollars, with Asia having a rapidly growing share. To put a gigawatt, or 1,000 megawatts, or 1 billion watts into perspective, a one-GW plant can supply a city of about 1 million people, or less depending on the industrial load. 5 percent per year. S. 0 percent from 2007 to 2030. 68 percent. This would be achieved primarily through efficiency enhancement, such as the normal replacement of home central air-conditioning units being the most efficient central air conditioning available (ductless inverter-driven mini-split heat pumps) regardless of cost.
Other technologies are being explored such as the sodium nickel chloride battery under development in South Africa. METHODS OF RATE REGULATION The century-old approach to electricity was to regulate the industry as a natural monopoly. Multiple transmission and distribution lines from a number of generators, each connected to individual households and businesses to give consumers a choice of provider, would be inordinately expensive. The investment would be much more than having a single wire entering a household or business from a single generator.
The remaining electricity is bought and sold on the spot market. Consumers submit bids on what they are willing to pay for specified amounts of electricity that cover their needs in a specified time frame and providers submit bids for what they are willing to sell the output of particular generating units during the same time frame. These bids can apply to hourly intervals in the day-ahead market and the current spot market, but shorter time frames can be used. A computer program determines the clearing price at which supply meets demand for each hour or specified time frame of the day-ahead market and for the current spot market.