Energy Economics - Energy, Society, and the Environment...

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Energy, Society, and the Environment Unit 3 Energy Economics
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Announcements 2/9 Movie Day this Friday: Who Killed the Electric Car? Come to class as usual. You have to attend the second part 11:50-12:40, 1-1:50, or 2-2:50. Locations will be announced on Wednesday and posted on D2L.
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Announcements 2/9 Change in the Paper I due date First draft due: 2/25 Final version due: 3/9 Paper Topics will be posted today!! Change in Office Hours: Mon 1-3 pm
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Example Questions How much does energy really cost? A coal-fired power plant costs $1,200/kW to construct. Coal was forecast to cost $45/ton but is now $90/ton. What is the average and short-term cost of electricity? A PV system will produce electricity for 30 years. What is the cost of each kWh produced during this period? For a financial institution the answer determines how much to charge for this electricity. For homeowner the question may depend critically on not only the ‘balance sheet’, but also the risk over time, ‘transaction costs’, and the need for up-front payments versus returns over time. If a company makes an investment in energy efficiency improvements, what is the dollar value of the energy that it saves?
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When computing costs, one needs to factor in building costs, maintenance, and fuel (where applicable) Payback time: Is it worth the investment? Improvements in technology and
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This note was uploaded on 09/04/2009 for the course PHYS 202 taught by Professor Ozel during the Spring '09 term at University of Arizona- Tucson.

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Energy Economics - Energy, Society, and the Environment...

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