As demand for electricity rises, supply can become jeopardized. With electricity difficult to store, how do power companies manage this delicate balancing act?
- Electricity producers have to manage the balance between supply and demand.
- Electricity cannot be easily stored on a large scale.
- To stay profitable, power plants have to be careful not to overproduce electricity.
- Mothballing is when a power plant is closed to wait for demand and prices to increase before restarting production.
Electricity producers manage a delicate balancing act between supply and demand.
Unlike other energy sources, such as fossil fuels, electricity cannot be easily stored on a large scale.
Producers have to forecast how much electricity people will want and make sure their capacity is large enough to meet that demand. ...
Please log in to view and download the complete transcript.