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Electricity Sector In The Dominican Republic
The power sector in the Dominican Republic has traditionally been, and still is, a bottleneck to the country's economic growth. A prolonged electricity crisis and ineffective remedial measures have led to a vicious cycle of regular blackouts, high operating costs of the distribution companies, large losses including electricity theft through illegal connections, high retail tariffs to cover these inefficiencies, low bill collection rates, a significant fiscal burden for the government through direct and indirect subsidies, and very high costs for consumers as many of them have to rely on expensive alternative self-generated electricity.World Bank 2006 According to the World Bank, the revitalization of the Dominican economy depends greatly on a sound reform of the sector.World Bank 2007 Electricity supply and demand Installed capacity Electricity generation in the Dominican Republic is dominated by thermal units fired mostly by imported oil or gas (or liquefied natural gas).W ...
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Flag Of The Dominican Republic
The flag of the Dominican Republic represents the Dominican Republic and, together with the Coat of arms of the Dominican Republic, coat of arms and the National Anthem of the Dominican Republic, national anthem, has the status of a national symbol. The blue on the flag stands for liberty, the white for salvation, and the red for the blood of heroes. The civil flag follows the same design, but without the Charge (heraldry), charge in the center. The flag was designed by Juan Pablo Duarte. Description As described by Article 21 of the Constitution of the Dominican Republic, Dominican Constitution, the flag features a centered white cross that extends to the edges and divides the flag into four rectangles; the top ones are blue (hoist side) and red, and the bottom ones are red (hoist side) and blue. The Coat of arms of the Dominican Republic, national coat of arms, featuring a shield with the flag design and supported by a bay laurel branch (left) and a Palm tree, palm frond ( ...
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AES Corporation
The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company. AES Ranks in the Top Ten of Fast Company's 2022 Best Workplaces for Innovators. History The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon. The company was initially a consulting firm; it became AES Corporation, which went public in 1991. Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in 1987. Bakke would ...
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Weighted Mean
The weighted arithmetic mean is similar to an ordinary arithmetic mean (the most common type of average), except that instead of each of the data points contributing equally to the final average, some data points contribute more than others. The notion of weighted mean plays a role in descriptive statistics and also occurs in a more general form in several other areas of mathematics. If all the weights are equal, then the weighted mean is the same as the arithmetic mean. While weighted means generally behave in a similar fashion to arithmetic means, they do have a few counterintuitive properties, as captured for instance in Simpson's paradox. Examples Basic example Given two school with 20 students, one with 30 test grades in each class as follows: :Morning class = :Afternoon class = The mean for the morning class is 80 and the mean of the afternoon class is 90. The unweighted mean of the two means is 85. However, this does not account for the difference in number of ...
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Power Purchase Agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counter parties. Contractual terms of a PPA may last anywhere between 5 and 20 years, during which time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financin ...
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Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ...
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Electricity Meter
North American domestic analog electricity meter. Electricity meter with transparent plastic case (Israel) North American domestic electronic electricity meter An electricity meter, electric meter, electrical meter, energy meter, or kilowatt-hour meter is a device that measures the amount of electric energy consumed by a residence, a business, or an electrically powered device. Electric meter or energy meter measures the total power consumed over a time interval. Electric utilities use electric meters installed at customers' premises for billing and monitoring purposes. They are typically calibrated in billing units, the most common one being the kilowatt hour (''kWh''). They are usually read once each billing period. When energy savings during certain periods are desired, some meters may measure demand, the maximum use of power in some interval. "Time of day" metering allows electric rates to be changed during a day, to record usage during peak high-cost periods and of ...
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Perverse Incentive
A perverse incentive is an incentive that has an unintended and undesirable result that is contrary to the intentions of its designers. The cobra effect is the most direct kind of perverse incentive, typically because the incentive unintentionally rewards people for making the issue worse. The term is used to illustrate how incorrect stimulation in economics and politics can cause unintended consequences. Examples of perverse incentives The original cobra effect The term ''cobra effect'' was coined by economist Horst Siebert based on an anecdote of an occurrence in India during British rule. The British government, concerned about the number of venomous cobras in Delhi, offered a bounty for every dead cobra. Initially, this was a successful strategy; large numbers of snakes were killed for the reward. Eventually, however, enterprising people began to breed cobras for the income. When the government became aware of this, the reward program was scrapped. When cobra breeders s ...
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Rolling Blackout
A rolling blackout, also referred to as rota or rotational load shedding, rota disconnection, feeder rotation, or a rotating outage, is an intentionally engineered electrical power shutdown in which electricity delivery is stopped for non-overlapping periods of time over different parts of the distribution region. Rolling blackouts are a last-resort measure used by an electric utility company to avoid a total blackout of the power system. Rolling blackouts are a measure of demand response if the demand for electricity exceeds the power supply capability of the network. Rolling blackouts may be localised to a specific part of the electricity network, or they may be more widespread and affect entire countries and continents. Rolling blackouts generally result from two causes: insufficient generation capacity or inadequate transmission infrastructure to deliver power to where it is needed. Rolling blackouts are also used as a response strategy to cope with reduced output beyond re ...
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Hipólito Mejía
Rafael Hipólito Mejía Domínguez (born 22 February 1941) is a Dominican politician who served as President of the Dominican Republic from 2000 to 2004. During his presidential term in office the country was affected by one of its worst economic crises, generated by the bankruptcy of three major commercial banks in the country, which resulted in high inflation, high country risk rating, currency devaluation and increasing local poverty. Further damaging to Mejía's reputation was the arrest of ex-army captain Quirino Paulino. Quirino was arrested after being linked to a large drug trafficking ring, and in the legal and political aftermath, connections to Mejía were discovered. Mejía sent 604 Dominican troops to fight in the Iraq War. In the presidential election of 2004, he ran for a second term as the candidate of the Dominican Revolutionary Party but he was defeated by Leonel Fernández, whom he had succeeded as President in 2000, from the Dominican Liberation Party. E ...
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Leonel Fernández
Leonel Antonio Fernández Reyna () (born 26 December 1953) is a Dominican Republic, Dominican lawyer, academic, and was the 50th and 52nd President of the Dominican Republic from 1996 to 2000 and from 2004 to 2012. From 2016 until 2020, he was the President of the EU–LAC Foundation. Fernández became the first elected president of the Dominican Republic under his political party, the Dominican Liberation Party (''Partido de la Liberación Dominicana'', or PLD), although party founder Juan Bosch (politician), Juan Bosch was also sworn in as president in 1963 after the first democratic elections held in roughly four decades in the country. Fernández's administrations have focused much on technological and infrastructural development and macroeconomic and monetary stability. He has served as the party president of the Dominican Liberation Party from 2001 until his resignation on 20 October 2019. He later joined the People's Force, People’s Force and was nominated as it’s par ...
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Solar Farm
Solar may refer to: Astronomy * Of or relating to the Sun ** Solar telescope, a special purpose telescope used to observe the Sun ** A device that utilizes solar energy (e.g. "solar panels") ** Solar calendar, a calendar whose dates indicate the position of the Earth on its revolution around the Sun * Solar Maximum Mission, a satellite * SOLAR (ISS), an observatory on International Space Station Music * "Solar" (composition), attributed to Miles Davis * ''Solar'' (Red Garland album), 1962 * ''Solar'' (Taeyang album), 2010 * ''Solar'', a 2011 album by Rubik * "Solar", a song by Northlane from ''Mesmer'', 2017 * SOLAR Records, a record label Geography * Solar (Spanish term), a type of urban site * Solar, County Antrim, Northern Ireland, United Kingdom * Solar, Erode, India * Solar, Iran, Iran Companies * Solar Entertainment Corporation, a Philippines television and radio media company * Solar TV, a former TV channel * Solar Television Network, Inc., a former name o ...
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Photovoltaic Panels
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially used for electricity generation and as photosensors. A photovoltaic system employs solar modules, each comprising a number of solar cells, which generate electrical power. PV installations may be ground-mounted, rooftop-mounted, wall-mounted or floating. The mount may be fixed or use a solar tracker to follow the sun across the sky. Photovoltaic technology helps to mitigate climate change because it emits much less carbon dioxide than fossil fuels. Solar PV has specific advantages as an energy source: once installed, its operation generates no pollution and no greenhouse gas emissions, it shows scalability in respect of power needs and silicon has large availability in the Earth's crust, although other materials required in PV system manu ...
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