Technologies for the future global electrical power market-impact of deregulated markets
The increasing competitive forces of the past 20 years have induced production of power generation equipment with vastly improved efficiency and reliability, and much lower emissions. That technology growth will continue, which will assist in meeting the needs of Asia`s booming power markets with minimal environmental damage. Deregulation of the electric utility industry in the Organization for Economic Cooperation and Development (OECD) countries, and especially in the U.S., has had a profound effect on both demand for new capacity and the type of customers in the market. At the same time, ongoing demand-side conservation, mostly economically driven and with origins going back to the oil price shocks of the 1970s, has also had a major effect on electricity usage. These factors have resulted in what is essentially a worldwide `buyer`s market` for power generation equipment. This has led to intense competition and falling prices. Yet in the face of this situation, suppliers of power generation equipment have had to make significant investments in new technology, as customers demand equipment with ever higher efficiency, lower emissions, and improved relability. This paper describes some of the factors drivng these changes and some of the important technological trends. A `wild card` in considering future technology trends has to do with the growth of power generation markets in Asia, especially China, and how possible concerns of global warming due to greenhouse gas emissions such as CO{sub 2} may impact these markets.
- OSTI ID:
- 376996
- Journal Information:
- Electricity Journal, Vol. 8, Issue 10; Other Information: PBD: Dec 1995
- Country of Publication:
- United States
- Language:
- English
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