Abstract
Electricity continues to be the cornerstone of every developing economy, with many untapped opportunities for growth and enhanced efficiency (see Figure 1). Over the last few decades, the global consumption of energy has continued to grow (see Figure 2) while the inherently slow-changing electric power industry was subject to market fluctuations, government support of renewable generation, and tightening environmental regulations, all of which have led to the shrinking of the traditional coal-fired generation base. Many questions have also been raised about the future of nuclear-powered units. A large increase in global natural gas usage (see Figure 3) has compounded these strains; the installation of a large number of gas-fired generators is leading the power industry toward a new and revolutionary paradigm: the coordination and possible integration of interdependent natural gas and electricity systems.
| Original language | English |
|---|---|
| Article number | 6928576 |
| Pages (from-to) | 49-62 |
| Number of pages | 14 |
| Journal | IEEE Power and Energy Magazine |
| Volume | 12 |
| Issue number | 6 |
| DOIs | |
| Publication status | Published - 1 Nov 2014 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
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