Blockchain technology, Bitcoin, Ethereum, Coins, Tokens, Cryptocurrencies, the list goes on. They are everywhere in the news these days as Bitcoin surges to new heights, and the world is abuzz with what blockchain technologies can do. (more…)
I wanted to address Triads in this post, and before you ask, no, I am not referring to the transnational organised crime organisation from Hong Kong. I am referring to the Triad charge or Transmission Network Use of System (TNUoS) charge, which is used for maintenance of the UK electricity grid to ensure future supply.
Thus, the Triads in the spotlight here are the three half-hourly settlement periods with the highest demand, or peak demand if you will, on the system between November and February. These three periods have to have ten clear days between them. You may be asking yourself, why the ten days? Quite simply, it is so that a long extreme cold snap does not dictate all three Triad periods.
It was mentioned that these charges are used to ensure future electricity supply, so the National Grid is trying to reduce these peaks. Why? It is a lot easier to plan demand if it remains steady. The National Grid is in charge of identifying the three highest peaks in the electricity demand and publishing that data every March/April. It then charges suppliers a higher tariff for electricity during Triad periods, ensuring that they recover the necessary revenue for running the UK transmission network.
We have all heard of the government programme to put a SMART meter in every home and business by 2020, which is a way that the Government plans to bring our energy systems up to date. Basically, energy suppliers (both gas and electricity) are required to install smart meters in every home and business in the UK. The plan is for the programme to take off from 2016-2020 and for it to be managed by the Department of Energy and Climate Change. It is, however, not mandatory for homes and businesses, and you may opt out of the SMART meter installation.
But, what exactly are SMART meters? What is the difference between an AMR meter and an AMI meter? How does it all work, and what benefits will you see as a business? There are still a lot of unanswered questions out there in regards to a SMART grid and SMART meters.
At present, most homes and companies in the UK do not know how much energy they are consuming and what exactly it is costing them. Understanding the consumption patterns will allow both the business and the grid to plan their activities better and work towards reducing losses, thus contributing towards energy savings schemes.
The pF is usually defined as the ratio of the real power flowing to the load to the apparent power in an AC electrical circuit, or you could say that pF is the cosine of the phase angle between current and source voltage.
To put that a little simpler: pF represents the fraction of total power (apparent power) which is utilised to do the useful work called active power. It provides a measure of how efficiently a load current is being converted into useful work output. Essentially, this is an indication of the overall efficiency of a supply system.
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Having full control of your operational costs is key getting ahead in today’s business environment. One of these operational costs, playing a surprisingly big role, is the cost of energy. With energy costs on the rise, it is important to get an understanding of how we can control and in turn reduce these costs.
Now, we all know that we can influence these costs by negotiating better energy procurement prices and thus pay less for our energy. However, there is also the consumption aspect! The formula for energy costs is no secret: