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:
“Our Indian said that he was a doctor, and could tell me some medicinal use for every plant I could show him ... proving himself as good as his word. According to his account, he had acquired such knowledge in his youth from a wise old Indian with whom he associated, and he lamented that the present generation of Indians “had lost a great deal.””
—Henry David Thoreau (1817–1862)
“The next generation of women will enter a world in which they are perceived to have more opportunities for creating fulfilling lives than women have ever had before.”
—Elizabeth Debold (20th century)
“The greater part of our best years has been passed for our generation in these two great worldconvulsions. All will be changed after this war, which spends in one month more than nations earned before in years ... there is no more security in our time than in those of the Reformation or the fall of Rome.”
—Stefan Zweig (18811942)