Question

Does power generation mix have any role in providing cheaper electricity to consumers?

Answer 1

What is power generation mix?

Power generation mix means using different kinds of energy sources to generate power.

These energy sources can be:

1. Fossil fuels like coal, crude oil etc.

2. Nuclear energy

3. Hydro energy

4. Natural gas

5. Wind energy

6. Solar energy

7. Tidal energy

8. Geo thermal energy etc.

In this power generation mix concept, we will be using cheaper energy resource wherever possible.

By this concept, we will use the type of energy, which is cheap at particular place.

So, depending upon the situation two or more energies are utilised to produce electricity.

By implementing this concept, we can save a lot of money in power generation.

For example, if we have surplus of water we can utilise it to produce power from it thereby we can save money for generation.

As we are able to save our money in generation of electricity, we can be able to provide it to our consumers at cheap rate.

In this power mix concept, two or more types of energies are utilized to produce electricity.

By doing like this, we can save a lot of amount in generation.

As we are able to save money in generation this will automatically, reduce cost for consumers.

By using this power mix concept we can there by provide electricity to consumers at cheaper rate.