Posts Tagged ‘the cost’

Peak Power and effect on electricity prices

November 3rd, 2016 | Make a comment | Posted in Others
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The electricity prices change frequently, sometimes many times a day. This is largely due to the fact that the cost of generation is based on the real-time demands.

When the demand goes high, which usually happens when people and industries are using maximum power, the peaking plants are operated to meet the difference between the base load and the peak. These are usually more expensive to run, meaning that the electricity generated during this time is also charged at a higher rate.

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