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Compañía Administradora Del Mercado Mayorista Eléctrico Sociedad Anónima
CAMMESA (Argentine Wholesale Electricity Market Clearing Company) (Spanish: Compañía Administradora del Mercado Eléctrico Mayorista S.A.) is an Argentinian company which operates the Wholesaling, wholesale energy market of the country. It was created by Executive Decree in 1992 to operate the Argentine Interconnection System, Argentine Interconnection system, planning the power generation required and managing energy dispatch by generators, and for regulation of the Spot contract, spot and Futures contract, term wholesale electric energy markets. Despite being a private enterprise, as the retail electricity sector in Argentina faces heavy state regulation including low tariffs, the company has been dependent on public subsidies for years. Energy generation costs are not fully passed through to final customers. The spread between the generation cost and the fixed tariffs is covered by CAMMESA, which then makes the company dependent on public subsidies to compensate the generati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wholesaling
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, ''wholesale'' is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In The United Kingdom
Energy in the United Kingdom came mostly from fossil fuels in 2021. Total energy consumption in the United Kingdom was 142.0milliontonnes of oil equivalent (1,651TWh) in 2019. In 2014, the UK had an energy consumption ''per capita'' of 2.78tonnes of oil equivalent (32.3MWh) compared to a world average of 1.92tonnes of oil equivalent (22.3 MWh). Demand for electricity in 2014 was 34.42 GW on average (301.7TWh over the year) coming from a total electricity generation of 335.0TWh. Successive UK governments have outlined numerous commitments to reduce carbon dioxide emissions. One such announcement was the Low Carbon Transition Plan launched by the Brown ministry in July 2009, which aimed to generate 30% electricity from renewable sources, and 40% from low carbon content fuels by 2020. Notably, the UK is one of the best sites in Europe for wind energy, and wind power production is its fastest growing supply. Wind power contributed almost 21% of UK electricity generation in 2019. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PricewaterhouseCoopers
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. PwC firms are in 157 countries, across 742 locations, with 284,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa. The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice and $14.4 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC (stylized p''w''c) in September 2010 as part of a rebr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Mix
The energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, and should not be confused with power generation mix, which refers only to generation of electricity. Global energy mix In 2007, the global primary energy use was oil equivalent, or . According to the International Energy Agency (IEA) 13.6% of world primary energy was used by the European Union (EU). Within the EU, 75.9% came from fossil fuels, 14.1% from nuclear power, 7% from biofuels, 2.9 from renewable energy resources. Overall primary energy consumption in the United States in 2015 relied most on petroleum (), natural gas () and coal (). Renewables contributed and nuclear power . In the same year, about 4 million GWh of electricity were generated in the United States, 67% of which was generated from fossil fuels (coal, natural gas, and <1% petro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veto
A veto is a legal power to unilaterally stop an official action. In the most typical case, a president or monarch vetoes a bill to stop it from becoming law. In many countries, veto powers are established in the country's constitution. Veto powers are also found at other levels of government, such as in state, provincial or local government, and in international bodies. Some vetoes can be overcome, often by a supermajority vote: in the United States, a two-thirds vote of the House and Senate can override a presidential veto. Article I, Section 7, Clause 2 of the United States Constitution Some vetoes, however, are absolute and cannot be overridden. For example, in the United Nations Security Council, the permanent members ( China, France, Russia, the United Kingdom, and the United States) have an absolute veto over any Security Council resolution. In many cases, the veto power can only be used to prevent changes to the status quo. But some veto powers also include the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Natural gas is colorless and odorless, so odorizers such as mercaptan (which smells like sulfur or rotten eggs) are commonly added to natural gas supplies for safety so that leaks can be readily detected. Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other hydrocarbons. Natural gas can be burned fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulatory Economics
Regulatory economics is the economics of regulation. It is the application of law by government or regulatory agencies for various purposes, including remedying market failure, protecting the environment and economic management. Regulation Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors. Conflict can occur between public services and commercial procedures (e.g. maximizing profit), the interests of the people using these services (see market failure), and also the interests of those not directly involved in transactions (externalities). Most governments, therefore, have some form of control or regulation to manage these possible conflicts. The ideal goal of economic regulation is to ensure the delivery of a safe and appropriate service, while not discouraging the effective functioning and development of businesses. For example, in most countries, regulation controls ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Peso
The peso (established as the ''peso convertible'') is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 '' centavos''. Its ISO 4217 code is ARS. The Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, with periodic change of the currency to a new version at a rate ranging from 100:1 to 10,000:1. The peso introduced in 1992 was worth 10,000,000,000,000 (ten trillion) of the pesos in use until 1970. Since the early 21st century, the Argentine peso has experienced a substantial rate of devaluation, reaching over 51% year-on-year inflation rate in 2021. The official exchange rate for the United States dollar commenced at 1:1 at the peso's introduction in 1992; it then hovered around 3:1 from 2002 to 2008, before climbing from 6:1 to 10:1 between 2009 and 2015. In July 2022, the value exchange rate with the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1998–2002 Argentine Great Depression
The Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed the fifteen years stagnation and a brief period of free-market reforms. The depression, which began after the Russian and Brazilian financial crises, caused widespread unemployment, riots, the fall of the government, a default on the country's foreign debt, the rise of alternative currencies and the end of the peso's fixed exchange rate to the US dollar. The economy shrank by 28 percent from 1998 to 2002. In terms of income, over 50 percent of Argentines lived below the official poverty line and 25 percent were indigent (their basic needs were unmet); seven out of ten Argentine children were poor at the depth of the crisis in 2002. By the first half of 2003, however, GDP growth had returned, surprising economists and the business media, and the economy grew by an average of 9% for five years. Argentina's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition (economics)
In economics, competition is a scenario where different Economic agent, economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the Marketing mix for product software, marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly). The level of competition that exists within the market is dependent on a variety of factors both on the firm/ seller side; the number of firms, barriers to entry, infor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transparency (behavior)
As an ethic that spans science, engineering, business, and the humanities, transparency is operating in such a way that it is easy for others to see what actions are performed. Transparency implies openness, communication, and accountability. Transparency is practiced in companies, organizations, administrations, and communities. For example, in a business relation, fees are clarified at the outset by a transparent agent, so there are no surprises later. This is opposed to keeping this information hidden which is "non-transparent". A practical example of transparency is also when a cashier makes changes after a point of sale; they offer a transaction record of the items purchased (e.g., a receipt) as well as counting out the customer's change. In information security, transparency means keeping the arcane, underlying mechanisms hidden so as not to obstruct intended function—an almost opposite sense. It principally refers to security mechanisms that are intentionally undetectable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National University Of Córdoba
The National University of Córdoba ( es, Universidad Nacional de Córdoba,) is an institution of higher education in the city of Córdoba, Argentina. Founded in 1613, the university is the oldest in Argentina, the third oldest university of the Americas, with the first university being the National University of San Marcos (Peru, 1551) and the second one, Saint Thomas Aquinas University (Colombia, 1580). Since the early 20th century it has been the second largest university in the country (after the University of Buenos Aires) in terms of the number of students, faculty, and academic programs. As the location of the first university founded in the land that is now Argentina, Córdoba has earned the nickname ''La Docta'' (roughly translated, "The Wise"). The National University of Córdoba is financially supported by Argentinian taxpayers, but - like all Argentine national universities - it is autonomous. This means it has the autonomy to manage its own budgets, elect its own a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
