Energy Markets
This involves the sale of electricity to consumers.
What is a Retail Market?
These - located between power plants, transmission lines, and houses - step up or down voltage before power moves on.
Transformer
For location strategy, demand varies based on the friction of _____.
Distance
True / False. Electricity price at noon on a sunny day is likely to be cleared below the average price of that day.
True
This mammal - despite it's long throat - has no vocal cords.
These are the top two utility-scale energy sources in the United States as of 2018.
What is coal and natural gas?
These types of utilities have a cap on the amount of money they can make.
What is a Regulated Utility?
Markets and cities develop around _____ within networks.
Nodes
The remuneration from the market needs to cover both _____ and _____ costs of running power plants.
Fixed and Variable
This is the world's largest island.
What is Greenland?
True / False: only one-third of the population of the United States is served by electricity markets run by RTOs (Regional Transmission Operator) and ISOs (Independent System Operator).
False. Two-thirds of the population is served by RTOs and ISOs.
Name one of the three over-arching utility types.
Investor Owned Utilities (IOUs), Public Power (POUs + Federal), and Rural Electric Cooperatives.
This is the most important factor to consider when screening a potential site. This is the first factor to evaluate, before land, zoning, network, etc.
True / False. The marginal cost of renewable energy assets is high compared to other technologies.
False
This is often seen as the smallest unit of memory.
What is a kilobyte?
These key factors influence electricity prices. (name at least 2 out of 5)
What do the following factors influence? fuels, power plants, transmission / distribution systems, weather conditions, and regulations
True / False. In both a regulated and deregulated market, the ownership of transmission lines and distribution lines remains the same.
True, the commodity is the variable.
These are qualities that make a site favorable to Birch. They can be Critical or Important. (name 3)
Flat, lack of hazards such as floods or hurricanes, high GDP, redundant fiber, power or water for cooling, ideal distance from city...there are many more.
This is approximately the annual volume of electricity contracted by IRM.
1 TWh
In his campaign address in Portland in 1932, this U.S. President made a reference to public utility as the "birch rod in the cupboard," which inspired the name of our company.
Franklin D. Roosevelt
This indicates that a state requires a certain percentage of the state's electricity come from renewable sources; twenty-nine states and three territories have adopted this.
What is a Renewable Portfolio Standard?
This is when a utility makes energy a pure passthrough, placing all margin in the fixed fees.
Decoupled/decoupling
A "fancy word for clustering" in reference to different economies.
What is Agglomeration?
Say the US government decides to shut down all nuclear reactors instantaneously. All the rest being equal, what would be the effect on the clearing price?
Increase, because higher-priced generators will be dispatched.
"And so we beat on, boats against the current, borne back ceaselessly into the past." - The closing line of this illustrious American author's magnum opus. Both author and book for full points.
The Great Gatsby by F. Scott Fitzgerald