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Spark Spread
The spark spread is the theoretical gross margin of a gas-fired power plant from selling a unit of electricity, having bought the fuel required to produce this unit of electricity. All other costs (operation and maintenance, capital and other financial costs) must be covered from the spark spread. The term was first coined by Tony West's trading team on the trading floor of National Power Ltd in Swindon, UK during the late 1990s and quickly came into common usage as other traders realised the trading and hedging opportunities. The term dark spread, quark spread and bark spread refers to the similarly defined difference between cash streams (spread) for coal-fired power plants, nuclear power plants and bio-mass power plants respectively. These indicators of power plant economics are useful for trading energy markets. For operating or investment decisions published "spread" data are not applicable. Local market conditions, actual plant efficiencies and other plant costs have to be cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Plant
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more generators, a rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current. The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, oil, and natural gas to generate electricity. Low-carbon power sources include nuclear power, and an increasing use of renewables such as solar, wind, geothermal, and hydroelectric. History In early 1871 Belgian inventor Zénobe Gramme invented a generator powerful enough to produce power on a commercial scale for industry. In 1878, a hydroelectric power station was designed and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Combined Cycle Power Plant
A combined cycle power plant is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy. On land, when used to make electricity the most common type is called a combined cycle gas turbine (CCGT) plant. The same principle is also used for marine propulsion, where it is called a combined gas and steam (COGAS) plant. Combining two or more thermodynamic cycles improves overall efficiency, which reduces fuel costs. The principle is that after completing its cycle in the first engine, the working fluid (the exhaust) is still hot enough that a second subsequent heat engine can extract energy from the heat in the exhaust. Usually the heat passes through a heat exchanger so that the two engines can use different working fluids. By generating power from multiple streams of work, the overall efficiency can be increased by 50–60%. That is, from an overall efficiency of the system of say 34% for a simple cycle, to as much as 64% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric Power Generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power. There are also exotic and speculative methods to recover energy, such as proposed fusion reactor designs which aim to directly extract energy from intense magnetic fields generate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Grid UK
In the electricity sector in the United Kingdom, the National Grid is the high-voltage electric power transmission network serving Great Britain, connecting power stations and major substations and ensuring that electricity generated anywhere on it can be used to satisfy demand elsewhere. The network covers the great majority of Great Britain and several of the surrounding islands. It does not cover Northern Ireland, which is part of a single electricity market with the Republic of Ireland. The GB grid is connected as a wide area synchronous grid nominally running at 50 hertz. There are also undersea interconnections to other grids in the Isle of Man, Northern Ireland, the Republic of Ireland, France, Belgium, the Netherlands and Norway. On the breakup of the Central Electricity Generating Board in 1990, the ownership and operation of the National Grid in England and Wales passed to National Grid Company plc, later to become National Grid Transco, and now National Grid plc. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Energy Storage Projects
This is a list of energy storage power plants worldwide, other than pumped hydro storage. Many individual energy storage plants augment electrical grids by capturing excess electrical energy during periods of low demand and storing it in other forms until needed on an electrical grid. The energy is later converted back to its electrical form and returned to the grid as needed. Most of the world's grid energy storage by capacity is in the form of pumped-storage hydroelectricity, which is covered in List of pumped-storage hydroelectric power stations. This article list plants using all other forms of energy storage. Another energy storage method is the consumption of surplus or low-cost energy (typically during night time) for conversion into resources such as hot water, cool water or ice, which is then used for heating or cooling at other times when electricity is in higher demand and at greater cost per kilowatt hour (kWh). Such thermal energy storage is often employed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supplementarity
"Supplementarity", also referred to as "the supplementary principle", is one of the main principles of the Kyoto Protocol. The concept is that internal abatement of emissions should take precedence before external participation in flexible mechanisms. These mechanisms include emissions trading, Clean Development Mechanism (CDM), and Joint Implementation (JI). Emissions trading basically refers to the trading of emissions allowances (carbon credits) between one regulated entity and a less pollutive entity. This trading of permits results in a marginal economic disincentive to the buyer and a marginal economic incentive the abater. CDM and JI are flexible mechanisms based on the concept of a carbon project. These projects reduce GHG voluntarily (outside the capped sectors) and therefore can be imported into the capped sector to aid in compliance. The supplementarity principle is found in three articles of the Kyoto Protocol: article 6 and 17 with regards to trading, and article 12 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Spread
Climate is the long-term weather pattern in an area, typically averaged over 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years. Some of the meteorological variables that are commonly measured are temperature, humidity, atmospheric pressure, wind, and precipitation. In a broader sense, climate is the state of the components of the climate system, including the atmosphere, hydrosphere, cryosphere, lithosphere and biosphere and the interactions between them. The climate of a location is affected by its latitude/longitude, terrain, altitude, land use and nearby water bodies and their currents. Climates can be classified according to the average and typical variables, most commonly temperature and precipitation. The most widely used classification scheme was the Köppen climate classification. The Thornthwaite system, in use since 1948, incorporates evapotranspiration along with temperature and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Spread
Climate is the long-term weather pattern in an area, typically averaged over 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years. Some of the meteorological variables that are commonly measured are temperature, humidity, atmospheric pressure, wind, and precipitation. In a broader sense, climate is the state of the components of the climate system, including the atmosphere, hydrosphere, cryosphere, lithosphere and biosphere and the interactions between them. The climate of a location is affected by its latitude/longitude, terrain, altitude, land use and nearby water bodies and their currents. Climates can be classified according to the average and typical variables, most commonly temperature and precipitation. The most widely used classification scheme was the Köppen climate classification. The Thornthwaite system, in use since 1948, incorporates evapotranspiration along with temperature and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dark Green Spread
Darkness, the direct opposite of lightness, is defined as a lack of illumination, an absence of visible light, or a surface that absorbs light, such as black or brown. Human vision is unable to distinguish colors in conditions of very low luminance. This is because the hue sensitive photoreceptor cells on the retina are inactive when light levels are insufficient, in the range of visual perception referred to as scotopic vision. The emotional response to darkness has generated metaphorical usages of the term in many cultures, often used to describe an unhappy or foreboding feeling. Referring to a time of day, complete darkness occurs when the Sun is more than 18° below the horizon, without the effects of twilight on the night sky. Scientific Perception The perception of darkness differs from the mere absence of light due to the effects of after images on perception. In perceiving, the eye is active, and the part of the retina that is unstimulated produces a complementar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Credits
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit a set amount of carbon dioxide or the equivalent amount of a different greenhouse gas (tCO2e). Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spark Green Spread
Spark commonly refers to: * Spark (fire), a small glowing particle or ember * Electric spark, a form of electrical discharge Spark may also refer to: Places * Spark Point, a rocky point in the South Shetland Islands People * Spark (surname) * Jessica Morgan (born 1992; formerly known as Spark), female singer-songwriter from East London Companies and organisations * Spark, the last-mile delivery service for Walmart * Spark (architects), an international architectural firm * Spark (U.S. organization), a Trotskyist group * Spark Energy, a UK electricity and gas supplier * Spark Infrastructure, an investor in Australian infrastructure assets * Spark Networks SE, an online dating company * Spark New Zealand, a telecommunications company * Spark Racing Technology, a French motorsport manufacturer specializing in electric racecars * Spark Unlimited, a computer game developer Computer science * Adobe Spark, a suite of media applications developed by Adobe Systems * Apache Spark, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
