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According to IEEE Standard 1366–1998, the median value for North American utilities is approximately 1.50 hours. According to the U.S. Energy Information Administration Annual Electric Power Industry Report, it is 2.0 hours, rising to the range of 3.5 to 8 hours, when "major events" are included. [2]
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
The generating source mix of a particular utility will thus have a substantial effect on their electricity pricing. Electric utilities that have a high percentage of hydroelectricity will tend to have lower prices, while those with a large amount of older coal-fired power plants will have higher electricity prices.
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The Customer Average Interruption Duration Index (CAIDI) is a reliability index commonly used by electric power utilities. [1] It is related to SAIDI and SAIFI, and is calculated as
Electric power is the rate of transfer of electrical energy within a circuit.Its SI unit is the watt, the general unit of power, defined as one joule per second.Standard prefixes apply to watts as with other SI units: thousands, millions and billions of watts are called kilowatts, megawatts and gigawatts respectively.