Generation
All forms of electricity generation have positive and negative aspects. Technology will probably eventually declare the most preferred forms, but in a market economy, the options with less overall costs generally will be chosen above other sources. It is not clear yet which form can best meet the necessary energy demands or which process can best solve the demand for electricity. There are indications that renewable energy and distributed generation are becoming more viable in economic terms. A diverse mix of generation sources reduces the risks of electricity price spikes.
Read more about this topic: Electric Power Industry
Famous quotes containing the word generation:
“I’m afraid for all those who’ll have the bread snatched from their mouths by these machines.... What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them!”
—Henrik Ibsen (1828–1906)
“But why should not the New Englander try new adventures, and not lay so much stress on his grain, his potato and grass crop, and his orchards,—raise other crops than these? Why concern ourselves so much about our beans for seed, and not be concerned at all about a new generation of men?”
—Henry David Thoreau (1817–1862)
“One generation plants the trees under which another takes its ease.”
—Chinese proverb.