Electricity Price Quotes

We will make electricity so cheap that only the rich will burn candles.

How can you measure progress if you don't know what it costs and who has paid for it? How can the "market" put a price on things - food, clothes, electricity, running water - when it doesn't take into account the REAL cost of production?

Outside of my professional life, I have known many couples over the years who had passion and electricity between them and who treated each other well. But unfortunately there is wide acceptance in our society of the unhealthy notion that passion and aggression are interwoven and that cruel verbal exchanges and bomblike explosions are the price you pay for a relationship that is exciting, deep, and sexy. Popular romantic movies and soap operas sometimes reinforce this image.

Money burns fast. Knowing that doesn't get easier with age and it's worse when you learn it young. The beauty of childhood is not entirely grasping the cost of living; food just appears in the fridge, you have a roof over your head because everyone does and electricity must be some kind of sorcery, like right out of Harry Potter or something, because who could ever put a price on light? Its that you never really had to think about any of it before. Then one day you find out you've have been walking the razor's edge all along.

And here we go creating great men out of artisans who happened to have stumbled on a way to improve electrical apparatus or pedal through Sweden on a bicycle! And we solicit great men to write books promoting the cult of other great men! It's really very funny, and worth the price of admission! It will all end up with every village having his own great man - a lawyer, a novelist, and a polar explorer of immense stature! And the world will become wonderfully flat and simple and easy to master . . .

The increase in the price of electricity will not affect the poorest. Their electricity has already been cut off.

I feel like I have a monster inside me, rattling the cage of my control. Eventually it will break out, and then there will be a price to pay.

At every new torment which is too hard to bear we feel yet another vein protrude, to unroll its sinuous and deadly length along our temples or beneath our eyes. And thus gradually are formed those terrible ravaged faces, of the old Rembrandt, the old Beethoven, at whom the whole world mocked. And the pockets under the eyes and the wrinkled forehead would not matter much were there not also the suffering of the heart. But since strength of one kind can change into a strength of another kind, since heat which is stored up can become light and the electricity in a flash of lightning can cause a photograph to be taken, since the dull pain in our heart can hoist above itself like a banner the visible permanence of an image for every new grief, let us accept the physical injury which is done to us for the sake of the spiritual knowledge which grief brings; let us submit to the disintegration of our body, since each new fragment which breaks away from it returns in a luminous and significant form to add itself to our work, to complete it at the price of sufferings of which others more richly endowed have no need, to make our work at least more solid as our life crumbles away beneath the corrosive action of our emotions.

Outside of my professional life, I have known many couples over the years who had passion and electricity between them and who treated each other well. But unfortunately there is wide acceptance in our society of the unhealthy notion that passion and aggression are interwoven and that cruel verbal exchanges and bomblike explosions are the price you pay for a relationship that is exciting, deep, and sexy. Popular romantic movies and soap operas sometimes reinforce this image. Most

Owing to the rise of prices Mrs. Hudson was able to get more for her rooms than in my day, and I think in her modest way she was quite well off. But of course people wanted a lot nowadays. “You wouldn’t believe it, first I ’ad to put in a bathroom, and then I ’ad to put in the electric light, and then nothin’ would satisfy them but I must ’ave a telephone. What they’ll want next I can’t think.

The value decade is upon us. If you can’t sell a top-quality product at the world’s lowest price, you’re going to be out of the game . . . the best way to hold your customers is to constantly figure out how to give them more for less.—Jack Welch, Chairman, General Electric

God’s power is not cheap. Just like the electric power that comes into our homes, there is a price to pay for it. Only the price is not monetary. The price is spending time filling ourselves with God’s Word so we can understand the power. It’s praying so we can access the power. It’s living in obedience so we can maximize the power. It’s praising and worshiping God so that we open up the lines through which God’s power flows into our lives.

They’ve bumped up the electricity prices again,” he informs her as he gets to his feet. He looks at her for a long time. Finally he puts his hand carefully on the big boulder and caresses it tenderly from side to side, as if touching her cheek. “I miss you,” he whispers. It’s been six months since she died.

But in October 2009, an Internet exchange2 sold 5,050 bitcoins for $5.02, at a price of $1 for 1,006 bitcoins, to register the first purchase of a bitcoin with money.3 The price was calculated by measuring the value of the electricity needed to produce a bitcoin.

The railway station provided them all that they needed: flatulence-generating food, tea, water, paan, shelter, electricity, social intercourse, seating, mucky toilets—and drugs, coolies, women and children for sale at most reasonable prices. What more could a man ask for?

SO, WHERE DOES this leave us? If we can’t rely on the market forces of supply and demand to set optimal market prices, and we can’t count on free-market mechanisms to help us maximize our utility, then we may need to look elsewhere. This is especially the case with society’s essentials, such as health care, medicine, water, electricity, education, and other critical resources. If you accept the premise that market forces and free markets will not always regulate the market for the best, then you may find yourself among those who believe that the government (we hope a reasonable and thoughtful government) must play a larger role in regulating some market activities, even if this limits free enterprise. Yes, a free market based on supply, demand, and no friction would be the ideal if we were truly rational. Yet when we are not rational but irrational, policies should take this important factor into account.

Ask questions, no, screech questions out loud - while kneeling in front of the electric doors at Safeway, demanding other citizens ask questions along with you - while chewing up old textbooks and spitting the words onto downtown sidewalks - outside the Planet Hollywood, outside the stock exchange, and outside the Gap. Grind questions onto the glass on photocopiers. Scrape challenges onto old auto parts and throw them off bridges so that future people digging in the mud will question the world, too. Carve eyeballs into tire treads and onto shoe leathers so that your every trail speaks of thinking and questioning and awareness. Design molecules that crystallize into question marks. Make bar codes print out fables, not prices. You can't even throw away a piece of litter unless it has a question mark stamped on it - a demand for people to reach a finer place

It’s the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.

A new silence. He stands there, slowly twisting the wedding ring on his finger. As if looking for something else to say. He still finds it painfully difficult being the one to take charge of a conversation. That was always something she took care of. He usually just answered. This is a new situation for them both. Finally Ove squats, digs up the plant he brought last week, and carefully puts it in a plastic bag. He turns the frozen soil carefully before putting in the new plants. “They’ve bumped up the electricity prices again,” he informs her as he gets to his feet. He looks at her for a long time. Finally he puts his hand carefully on the big boulder and caresses it tenderly from side to side, as if touching her cheek. “I miss you,” he whispers. It’s been six months since she died. But Ove still inspects the whole house twice a day to feel the radiators and check that she hasn’t sneakily turned up the heating.

Papa, why are you selling our goats? I like these goats." "A week ago the price was five hundred, now it's four hundred. I'm sorry, but we can't wait for it go any lower." Mankhalala and the others were tied by their front legs with a long rope. When my father started down the trail, they stumbled and began to cry. They knew their future. Mankhalala looked back, as if telling me to help him. Even Khamba whined and barked a few times, pleading their case. But I had to let them down. What could I do? My family had to eat.

Taxes are often higher when price-sensitivity is low. For example, the government charges high taxes on petrol and cigarettes, not for environmental and health reasons but because people who buy these products need to drive and are addicted to smoking; they won’t change their behaviour much even in the face of large taxes. (If you think that taxes on petrol are motivated by environmental concerns, think again: despite the environmental impacts of air travel, electricity and domestic heating, 90 per cent of all ‘environmental’ taxes in the UK in 2009 were paid by motorists.)

I haven't thought much about goats," Rick said. "May I ask if this represents a new price bracket for you?" "Well, I don't usually carry around three thou," Rick conceded. "I thought as much, sir, when you mentioned rabbits. The thing about rabbits, sir, is that everybody has one. I'd like to see you step up to the goat-class where I feel you belong. Frankly you look more like a goat man to me." "What are the advantages to goats?" The animal salesman said, "The distinct advantage of a goat is that it can be taught to butt anyone who tries to steal it." "Not if they shoot it with a hypno-dart and descend by rope ladder from a hovering hovercar." Rick said.

We’ve seen what happens with the development of the cell-phone technology that was deployed in Africa faster than any other technology ever in the history of humanity. We see small villages, where they have no running water, wood fires to cook with, and no electricity — yet there’s one little solar panel on top of a mud hut and that solar panel is not there for light. It’s there to charge a Nokia 1000 feature phone. That phone gives them weather reports, grain prices at the local market, and connects them to the world. What happens when that phone becomes a bank? Because with bitcoin, it can be a bank. What happens when you connect 6 1/2 billion people to a global economy without any barriers to access? ​ ​

During the energy crisis and oil embargo of the 1970s, Dutch researchers began to pay close attention to the country’s energy usage. In one suburb near Amsterdam, they found that some homeowners used 30 percent less energy than their neighbors—despite the homes being of similar size and getting electricity for the same price. It turned out the houses in this neighborhood were nearly identical except for one feature: the location of the electrical meter. Some had one in the basement. Others had the electrical meter upstairs in the main hallway. As you may guess, the homes with the meters located in the main hallway used less electricity. When their energy use was obvious and easy to track, people changed their behavior.

RENEWABLE ENERGY REVOLUTION: SOLAR + WIND + BATTERIES In addition to AI, we are on the cusp of another important technological revolution—renewable energy. Together, solar photovoltaic, wind power, and lithium-ion battery storage technologies will create the capability of replacing most if not all of our energy infrastructure with renewable clean energy. By 2041, much of the developed world and some developing countries will be primarily powered by solar and wind. The cost of solar energy dropped 82 percent from 2010 to 2020, while the cost of wind energy dropped 46 percent. Solar and onshore wind are now the cheapest sources of electricity. In addition, lithium-ion battery storage cost has dropped 87 percent from 2010 to 2020. It will drop further thanks to the massive production of batteries for electrical vehicles. This rapid drop in the price of battery storage will make it possible to store the solar/wind energy from sunny and windy days for future use. Think tank RethinkX estimates that with a $2 trillion investment through 2030, the cost of energy in the United States will drop to 3 cents per kilowatt-hour, less than one-quarter of today’s cost. By 2041, it should be even lower, as the prices of these three components continue to descend. What happens on days when a given area’s battery energy storage is full—will any generated energy left unused be wasted? RethinkX predicts that these circumstances will create a new class of energy called “super power” at essentially zero cost, usually during the sunniest or most windy days. With intelligent scheduling, this “super power” can be used for non-time-sensitive applications such as charging batteries of idle cars, water desalination and treatment, waste recycling, metal refining, carbon removal, blockchain consensus algorithms, AI drug discovery, and manufacturing activities whose costs are energy-driven. Such a system would not only dramatically decrease energy cost, but also power new applications and inventions that were previously too expensive to pursue. As the cost of energy plummets, the cost of water, materials, manufacturing, computation, and anything that has a major energy component will drop, too. The solar + wind + batteries approach to new energy will also be 100-percent clean energy. Switching to this form of energy can eliminate more than 50 percent of all greenhouse gas emissions, which is by far the largest culprit of climate change.

The Proofs Human society has devised a system of proofs or tests that people must pass before they can participate in many aspects of commercial exchange and social interaction. Until they can prove that they are who they say they are, and until that identity is tied to a record of on-time payments, property ownership, and other forms of trustworthy behavior, they are often excluded—from getting bank accounts, from accessing credit, from being able to vote, from anything other than prepaid telephone or electricity. It’s why one of the biggest opportunities for this technology to address the problem of global financial inclusion is that it might help people come up with these proofs. In a nutshell, the goal can be defined as proving who I am, what I do, and what I own. Companies and institutions habitually ask questions—about identity, about reputation, and about assets—before engaging with someone as an employee or business partner. A business that’s unable to develop a reliable picture of a person’s identity, reputation, and assets faces uncertainty. Would you hire or loan money to a person about whom you knew nothing? It is riskier to deal with such people, which in turn means they must pay marked-up prices to access all sorts of financial services. They pay higher rates on a loan or are forced by a pawnshop to accept a steep discount on their pawned belongings in return for credit. Unable to get bank accounts or credit cards, they cash checks at a steep discount from the face value, pay high fees on money orders, and pay cash for everything while the rest of us enjoy twenty-five days interest free on our credit cards. It’s expensive to be poor, which means it’s a self-perpetuating state of being. Sometimes the service providers’ caution is dictated by regulation or compliance rules more than the unwillingness of the banker or trader to enter a deal—in the United States and other developed countries, banks are required to hold more capital against loans deemed to be of poor quality, for example. But many other times the driving factor is just fear of the unknown. Either way, anything that adds transparency to the multi-faceted picture of people’s lives should help institutions lower the cost of financing and insuring them.

Bitcoin was in theory and in practice inseparable from the process of computation run on cheap, powerful hardware: the system could not have existed without markets for digital moving images; especially video games, driving down the price of microchips that could handle the onerous business of guessing. It also had a voracious appetite for electricity, which had to come from somewhere - burning coal or natural gas, spinning turbines, decaying uranium - and which wasn't being used for something arguably more constructive than this discovery of meaningless hashes. The whole apparatus of the early twenty-first century's most complex and refined infrastructures and technologies was turned to the conquest of the useless. It resembled John Maynard Keynes's satirical response to criticisms of his capital injection proposal by proponents of the gold standard: just put banknotes in bottles, he suggested, and bury them in disused coal mines for people to dig up - a useless task to slow the dispersal of the new money and get people to work for it. 'It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.

They basically suggest that specificity allows for a handful of neurons, whose activity is too faint to be measurable, to hypothetically explain lifetimes of complex and coherent experiences. Resuscitation specialist Dr. Sam Parnia’s candid rebuttal of this suggestion seems to frame it best: ‘When you die, there’s no blood flow going into your brain. If it goes below a certain level, you can’t have electric activity. It takes a lot of imagination to think there’s somehow a hidden area of your brain that comes into action when everything else isn’t working.’38 But even if we grant that there is hidden neural activity somewhere, the materialist position immediately raises the question of why we are born with such large brains if only a handful of neurons were sufficient to confabulate unfathomable dreams. After all, as a species, we pay a high price for our large brains in terms of metabolism and in terms of having to be born basically premature, since a more developed head cannot pass through a woman’s birth canal. Moreover, under ordinary conditions, it has been scientifically demonstrated that we generate measurable neocortical activity even when we dream of the mere clenching of a hand!39 It is, thus, incoherent to postulate that undetectable neural firings – the extreme of specificity – are sufficient to explain complex experiences.

No one ever changed the world by being beautiful," she said. "If you want to make a difference, you can't let something as trivial as appearance get in your way. A daisy doesn't need the roses' permission to bloom - and neither do you." "I may not need permission, but I do need support," the woman argued. "I can't fight an army on my own - I'll need others to join me. But I'm afraid they'll only see my looks and won't listen to my words. I'm afraid they'll only laugh at my hopes of rescuing my loved ones." The little girl placed her hands on her hips and stared at the woman with the confidence of someone twice her age. "Only idiots listen with their eyes," she said. "If people don't hear your words, then shout them. If people silence you, then write your message with fire. Demanding respect is never easy, but if something you love is at stake, then I'd say it's worth the price. Besides, if you can't get villagers to take you seriously, you'll never defeat an army! Sometimes we're meant to face the demons at home so we know how to fight the demons abroad." The little girl had waited years to give someone that advice, and it appeared to do the trick. As if a sudden electric charge had run through the woman's body, she stood taller and straighter, and her eyes beamed with determination. "You're right, child," she said. "With all the energy I've wasted moping in front of the mirror, I could have accomplished great things by now. Well, I'm going to stop moping at once and get to work.

In order to avoid the deafening of conspecifics, some bats employ a jamming avoidance response, rapidly shifting frequencies or flying silent when foraging near conspecifics. Because jamming is a problem facing any active emission sensory system, it is perhaps not surprising (though no less amazing) that similar jamming avoidance responses are deployed by weakly electric fish. The speed of sound is so fast in water that it makes it difficult for echolocating whales to exploit similar Doppler effects. However, the fact that acoustic emissions propagate much farther and faster in the water medium means that there is less attenuation of ultrasound in water, and thus that echolocation can be used for broader-scale 'visual' sweeping of the undersea environment. These constraints and trade-offs must be resolved by all acoustic ISMs, on Earth and beyond. There are equally universal anatomical and metabolic constraints on the evolvability of echolocation that explain why it is 'harder' to evolve than vision. First, as noted earlier, a powerful sound-production capacity, such as the lungs of tetrapods, is required to produce high-frequency emissions capable of supporting high-resolution acoustic imaging. Second, the costs of echolocation are high, which may limit acoustic imaging to organisms with high-metabolisms, such as mammals and birds. The metabolic rates of bats during echolocation, for instance, are up to five times greater than they are at rest. These costs have been offset in bats through the evolutionarily ingenious coupling of sound emission to wing-beat cycle, which functions as a single unit of biomechanical and metabolic efficiency. Sound emission is coupled with the upstroke phase of the wing-beat cycle, coinciding with contraction of abdominal muscles and pressure on the diaphragm. This significantly reduces the price of high-intensity pulse emission, making it nearly costless. It is also why, as any careful crepuscular observer may have noticed, bats spend hardly any time gliding (which is otherwise a more efficient means of flight).

Think about it,” Obama said to us on the flight over. “The Republican Party is the only major party in the world that doesn’t even acknowledge that climate change is happening.” He was leaning over the seats where Susan and I sat. We chuckled. “Even the National Front believes in climate change,” I said, referring to the far-right party in France. “No, think about it,” he said. “That’s where it all began. Once you convince yourself that something like that isn’t true, then…” His voice trailed off, and he walked out of the room. For six years, Obama had been working to build what would become the Paris agreement, piece by piece. Because Congress wouldn’t act, he had to promote clean energy, and regulate fuel efficiency and emissions through executive action. With dozens of other nations, he made climate change an issue in our bilateral relationship, helping design their commitments. At international conferences, U.S. diplomats filled in the details of a framework. Since the breakthrough with China, and throughout 2015, things had been falling into place. When we got to Paris, the main holdout was India. We were scheduled to meet with India’s prime minister, Narendra Modi. Obama and a group of us waited outside the meeting room, when the Indian delegation showed up in advance of Modi. By all accounts, the Indian negotiators had been the most difficult. Obama asked to talk to them, and for the next twenty minutes, he stood in a hallway having an animated argument with two Indian men. I stood off to the side, glancing at my BlackBerry, while he went on about solar power. One guy from our climate team came over to me. “I can’t believe he’s doing this,” he whispered. “These guys are impossible.” “Are you kidding?” I said. “It’s an argument about science. He loves this.” Modi came around the corner with a look of concern on his face, wondering what his negotiators were arguing with Obama about. We moved into the meeting room, and a dynamic became clear. Modi’s team, which represented the institutional perspective of the Indian government, did not want to do what is necessary to reach an agreement. Modi, who had ambitions to be a transformative leader of India, and a person of global stature, was torn. This is one reason why we had done the deal with China; if India was alone, it was going to be hard for Modi to stay out. For nearly an hour, Modi kept underscoring the fact that he had three hundred million people with no electricity, and coal was the cheapest way to grow the Indian economy; he cared about the environment, but he had to worry about a lot of people mired in poverty. Obama went through arguments about a solar initiative we were building, the market shifts that would lower the price of clean energy. But he still hadn’t addressed a lingering sense of unfairness, the fact that nations like the United States had developed with coal, and were now demanding that India avoid doing the same thing. “Look,” Obama finally said, “I get that it’s unfair. I’m African American.” Modi smiled knowingly and looked down at his hands. He looked genuinely pained. “I know what it’s like to be in a system that’s unfair,” he went on. “I know what it’s like to start behind and to be asked to do more, to act like the injustice didn’t happen. But I can’t let that shape my choices, and neither should you.” I’d never heard him talk to another leader in quite that way. Modi seemed to appreciate it. He looked up and nodded.

At least there is calm at home? Hardly: food, gas, and electricity prices are at near all-time highs; a stagnant economy in “recovery” that for most people outside of Wall Street remains recessionary; government soon to be run by executive orders; the end of any idea of national sovereignty or a southern border; the Ferguson riots and racial explosions revealing an America more divided than at any time since the 1970s; the buffoonish Missouri governor Nixon playing the Katrina role of a now imprisoned Ray Nagin. The alphabet soup of unresolved IRS, VA, NSA, and AP scandals; revolutionary, extra-legal justice meted out to Rick Perry; Benghazi coming back into the news; the little reported on drip-by-drip practical dissolution of Obamacare. 1979–80 seem calm in comparison. The chaos arises from a variety of causes, but one common denominator is that President Obama has not a clue how to deal with these crises.

The Lowly Thermostat, Now Minter of Megawatts How Nest is turning its consumer hit into a service for utilities. Peter Fairley | 945 words • Google’s $3.2 billion acquisition of Nest Labs in January put the Internet of things on the map. Everyone had vaguely understood that connecting everyday objects to the Internet could be a big deal. Here was an eye-popping price tag to prove it. Nest, founded by former Apple engineers in 2010, had managed to turn the humble thermostat into a slick, Internet-connected gadget. By this year, Nest was selling 100,000 of them a month, according to an estimate by Morgan Stanley. At $249 a pop, that’s a nice business. But more interesting is what Nest has been up to since last May in Texas, where an Austin utility is paying Nest to remotely turn down people’s air conditioners in order to conserve power on hot summer days—just when electricity is most expensive. For utilities, this kind of “demand response” has long been seen as a killer app for a smart electrical grid, because if electricity use can be lowered just enough at peak times, utilities can avoid firing up costly (and dirty) backup plants. Demand response is a neat trick. The Nest thermostat manages it by combining two things that are typically separate—price information and control over demand. It’s consumers who control the air conditioners, electric heaters, and furnaces that dominate a home’s energy diet. But the actual cost of energy can vary widely, in ways that consumers only dimly appreciate and can’t influence. While utilities frequently carry out demand

his peers have expressed considerably more skepticism. “There is nothing Tesla [can] do that we cannot also do,” Fiat Chrysler CEO Sergio Marchionne said in June 2016. Two years earlier, he had asked customers not to buy the Fiat 500e electric car, because the company lost $14,000 on the sale of each one. Fiat would sell the minimum number of electric cars needed to meet government mandates and “not one more,” he said. In April 2016, Marchionne continued that theme in an interview on the sidelines of his company’s annual meeting, this time responding to the price of the Model 3. If Musk could show him that the car would be profitable at the $35,000 price tag, Marchionne said, “I will copy the formula, add the Italian design flair, and get it to the market within twelve months.” The German automakers have been even more dismissive. In November 2015, Edzard Reuter, the former CEO of Daimler, called Tesla a “joke” and Musk a “pretender,” suggesting in an interview with a German newspaper that Tesla didn’t stand up to serious comparison with “the great car companies of Germany.” Daimler, BMW, and Volkswagen were slow to accept that Tesla could one day challenge their market dominance. “German carmakers have been in denial that electric vehicles can create an emotional appeal to customers,” Arndt Ellinghorst, an automotive analyst at Evercore ISI, told the Los Angeles Times in April 2016. “Many still believe that Tesla is a sideshow catering to a niche product to some tree-hugging Californians and eccentric US hedge fund managers.” GM wasn’t quite so blasé. In 2013, then CEO Dan Akerson established a team within the company to study Tesla, based on the belief that it could be a big disrupter. GM’s Chevrolet Volt, a hybrid sedan that could drive about forty miles in full electric mode, had won Motor Trend’s 2011 Car of the Year, but GM was looking further into the future. At the 2015 Detroit auto show, it unveiled a concept of the Chevy Bolt, a two-hundred-mile electric car that would retail for $30,000 (after a $7,500 rebate from the US government). It was seen as a direct response to Tesla and new CEO Mary Barra’s biggest risk since she took over in 2014. Wired magazine celebrated the Bolt’s impending arrival with a February 2016 cover story about how GM had beaten Tesla “in the race to build a true electric car for the masses

The average efficiency of an internal combustion engine in converting fuel into a car’s forward energy ranges from about 14 to 30 percent. For the electric car, it’s about 90 percent. But the real difficulty for anyone arguing the case for gasoline cars is found in the economics. We are fast approaching a time when gasoline cars will no longer be able to compete with electric cars on price. To date, the number one factor holding Tesla back from offering cheaper cars has been the energy cost per unit of its lithium-ion battery packs, which is why it started by selling only high-end vehicles in which the cost of the battery could be absorbed by the premium price point. Tesla has never revealed exactly how much of its cars’ costs can be attributed to the battery pack, but in 2013, chief technology officer JB Straubel told the MIT Technology Review that it accounts for less than a quarter of the cost of each vehicle—which for the eighty-five kilowatt-hour Model S, at that time, would have put the battery pack somewhere in the $18,000 to $25,000 range (assuming Straubel was factoring feature-rich versions of the car into his calculations). That would have put the cost per kilowatt-hour of the battery pack at anywhere between $210 and $300.

battery prices will fall to $100 per kilowatt-hour by 2023 just by following the 16 percent per year cost improvement that the world saw between 2010 and 2016. And that’s probably a conservative estimate. GM has predicted that its lithium-ion cell costs will hit $100 per kilowatt-hour by 2021. Keep in mind that these cost reductions require no breakthrough in battery technology, and they don’t take into account improvements likely to arise from increased competition, consolidation, scale, and innovation as automakers and utilities push further into the market. The effect will be dramatic.

both Tesla and GM think battery prices will come down fast enough for electric cars to be more affordable than equivalent gasoline cars by the early 2020s. The Chevy Bolt sells for less than $35,000, after subsidies. Tesla plans to be producing Model 3s at a rate of hundreds of thousands a year by 2019. Other electric car companies, new and old, are developing competitive strategies. It is still difficult to predict how quickly the sales of electric cars will overtake those of gasoline vehicles. Even assuming all goes well for Tesla and their electric competitors, it could take years, or decades. Bloomberg New Energy Finance’s study estimated that electric cars will account for 35 percent of new car sales by 2040. That’s based on battery prices decreasing at a slower rate than Tesla and GM anticipate. But, as noted earlier, gasoline cars will face the difficult task of competing with electric cars that are both cheaper and better.

Could the electric car follow the same path? Count Elon Musk among the believers. ‘‘At the beginning of last year [2015], we had fifty thousand cars in total on the roads worldwide, and then last year we produced another fifty thousand cars,” he said in January 2016. “So the total fleet of Tesla vehicles doubled last year. It will approximately double again this year.” We shouldn’t take Musk’s word for it, of course—Tesla’s 2016 production fell about twenty-five thousand cars short of doubling the previous year’s tally—but consider that many of the effects that spur demand for electric vehicles are only just starting to take hold. The decline of battery prices, which will make electric cars more affordable, is probably the biggest factor influencing demand, but there are others. For a start, many hundreds of millions of people still don’t know a thing about electric vehicles that aren’t golf carts or hybrids like the Toyota Prius.

The prospects of large, well-established firms have less uncertainty, so their stocks prices are generally more reflective of actual prospects than of optimistic prospects. For example, the business potential of General Electric, Procter & Gamble, and Intel are well known and leave little room for a high degree of optimism and pessimism. For firms with a high degree of uncertainty, optimists tend to set the stock price until that uncertainty is resolved. This resolution usually includes a downward revision of optimism and a decline in the stock price.

Today, nuclear energy costs about the same as coal, which is to say that it didn’t change the economics of electricity one bit.*

If that’s the price for being with him, I’ll pay it. I spent too long walking through my days as a zombie to pass up this electric new life, even if it does have its dark sides. All fairy tales do.

Many financial analysts will find Emerson and Emery more interesting and appealing stocks than the other two—primarily, perhaps, because of their better “market action,” and secondarily because of their faster recent growth in earnings. Under our principles of conservative investment the first is not a valid reason for selection—that is something for the speculators to play around with. The second has validity, but within limits. Can the past growth and the presumably good prospects of Emery Air Freight justify a price more than 60 times its recent earnings?1 Our answer would be: Maybe for someone who has made an in-depth study of the possibilities of this company and come up with exceptionally firm and optimistic conclusions. But not for the careful investor who wants to be reasonably sure in advance that he is not committing the typical Wall Street error of overenthusiasm for good performance in earnings and in the stock market.* The same cautionary statements seem called for in the case of Emerson Electric, with a special reference to the market’s current valuation of over a billion dollars for the intangible, or earning-power, factor here. We should add that the “electronics industry,” once a fair-haired child of the stock market, has in general fallen on disastrous days. Emerson is an outstanding exception, but it will have to continue to be such an exception for a great many years in the future before the 1970 closing price will have been fully justified by its subsequent performance. By contrast, both ELTRA at 27 and Emhart at 33 have the earmarks of companies with sufficient value behind their price to constitute reasonably protected investments. Here the investor can, if he wishes, consider himself basically a part owner of these businesses, at a cost corresponding to what the

General Electric was the largest company in the world in 2004, worth a third of a trillion dollars. It had either been first or second each year for the previous decade, capitalism’s shining example of corporate aristocracy. Then everything fell to pieces. The 2008 financial crisis sent GE’s financing division—which supplied more than half the company’s profits—into chaos. It was eventually sold for scrap. Subsequent bets in oil and energy were disasters, resulting in billions in writeoffs. GE stock fell from $40 in 2007 to $7 by 2018. Blame placed on CEO Jeff Immelt—who ran the company since 2001—was immediate and harsh. He was criticized for his leadership, his acquisitions, cutting the dividend, laying off workers and—of course—the plunging stock price. Rightly so: those rewarded with dynastic wealth when times are good hold the burden of responsibility when the tide goes out. He stepped down in 2017. But Immelt said something insightful on his way out. Responding to critics who said his actions were wrong and what he should have done was obvious, Immelt told his successor, “Every job looks easy when you’re not the one doing it.

By the end of the year, X-ray burns were front-page news in virtually every prominent electrical, medical, and scientific journal. No one, however, paid a greater price than the men and women on the front lines of this new technology: radiologists and radiology technicians, most of whom saw themselves as noble warriors, “martyrs to science,” in their quest to save lives with X-rays. In November 1896, Walter Dodd, a founding father of radiology in the United States, suffered severe skin burns on both hands. Within five months, the pain was “beyond description” and his face and hands were visibly scalded. When the pain kept him awake at night, Dodd paced the floor of Massachusetts General Hospital with his hands held above his head. In July 1897, he received the first of fifty skin grafts, all of which failed. Bit by bit, his fingers were amputated. Dodd waited as long as he could before amputating his little finger because, as he said, “I needed something to oppose my thumb.” On August 3, 1905, at the age of forty-six, Elizabeth Fleischmann, the most experienced woman radiographer in the world, died from X-ray-induced cancer after a series of amputations. Fleischmann had gained international renown for her X-rays of soldiers in the Philippines during the Spanish-American War. Upon her death, almost every major newspaper published eulogies about “America’s Joan of Arc.

Colonial regimes, particularly late colonial regimes, have often been sites of extensive experiments in social engineering.34 An ideology of “welfare colonialism” combined with the authoritarian power inherent in colonial rule have encouraged ambitious schemes to remake native societies. If one were required to pinpoint the “birth” of twentieth-century high modernism, specifying a particular time, place, and individual—in what is admittedly a rather arbitrary exercise, given high modernism’s many intellectual wellsprings—a strong case can be made for German mobilization during World War I and the figure most closely associated with it, Walther Rathenau. German economic mobilization was the technocratic wonder of the war. That Germany kept its armies in the field and adequately supplied long after most observers had predicted its collapse was largely due to Rathenau’s planning.35 An industrial engineer and head of the great electrical firm A.E.G (Allgemeine Elektricitäts-Gesellschaft), which had been founded by his father, Rathenau was placed in charge of the Office of War Raw Materials (Kriegsrohstoffabteilung).36 He realized that the planned rationing of raw materials and transport was the key to sustaining the war effort. Inventing a planned economy step by step, as it were, Germany achieved feats—in industrial production, munitions and armament supply, transportation and traffic control, price controls, and civilian rationing—that had never before been attempted.

The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once more giving a crudely simple account of an intricate process). An increase in effective demand meeting an inelastic supply of goods raises prices. When food is supplied by a peasant agriculture a rise of the prices of foodstuffs is a direct increase of money income to the sellers and increases their expenditure. The higher cost of living sets up a pressure to raise wage rates. So money incomes rise all round, prices are bid up all the higher and a vicious spiral sets in. The first stage — a rise of effective demand — can very easily be prevented by not having any development. But if there is to be development there must be a stage when investment increases relatively to consumption. There must be an increase in effective demand and a tendency towards inflation. The problem is how to keep it within bounds. Some schemes of investment that seem to be clearly indispensable to improvements in the long run, such as electrical installations, take a long time to yield any fruit and meanwhile the workers engaged on these have to be supplied. The secret of non-inflationary development is to allocate the right amount of quick-yielding, capital-saving investment to the consumption-good sector (especially agriculture) to generate a sufficient surplus to support the necessary large schemes. It is in this kind of analysis, rather than in the mystifications of “deficit finance,” that the clue to inflation is to be found. [pp. 110-11]

Both suppliers and buyers tend to be powerful if: They are large and concentrated relative to a fragmented industry (think Goliath versus many Davids). What percentage of an industry’s purchases/sales does a supplier/buyer represent? Look at the data and map out how it is trending. How painful would it be to lose that supplier or that customer? Industries with high fixed costs (e.g., telecommunications equipment and offshore drilling) are especially vulnerable to large buyers. The industry needs them more than they need the industry. In some cases, there may be no alternative suppliers, at least in the short term. Doctors and airline pilots, to cite two examples, have historically exercised tremendous bargaining power because their skills have been both essential and in short supply. China produces 95 percent of the world’s supply of neodymium, a rare earth metal needed by Toyota and other automakers for electric motors. Neodymium prices quadrupled in just one year (2010), as the Chinese restricted supply. Toyota is working hard to develop a new motor that will end its dependence on rare earth metals. Switching costs work in their favor. This occurs for a supplier when an industry is tied to it, as for example, the PC industry has been to Microsoft, its dominant supplier of operating systems and software. Switching costs work in the buyer’s favor when the buyer can easily drop one vendor for another. The ease with which customers can switch from one airline to another on popular routes makes it hard for airlines to raise prices or cut service levels. Frequent flyer programs were intended to raise switching costs, but they have not been effective. Differentiation works in their favor.

There’s no better case study showing how connectivity and computing power will turn old products into digitized machines than Tesla, Elon Musk’s auto company. Tesla’s cult following and soaring stock price have attracted plenty of attention, but what’s less noticed is that Tesla is also a leading chip designer. The company hired star semiconductor designers like Jim Keller to build a chip specialized for its automated driving needs, which is fabricated using leading-edge technology. As early as 2014, some analysts were noting that Tesla cars “resemble a smartphone.” The company has been often compared to Apple, which also designs its own semiconductors. Like Apple’s products, Tesla’s finely tuned user experience and its seemingly effortless integration of advanced computing into a twentieth-century product—a car—are only possible because of custom-designed chips. Cars have incorporated simple chips since the 1970s. However, the spread of electric vehicles, which require specialized semiconductors to manage the power supply, coupled with increased demand for autonomous driving features foretells that the number and cost of chips in a typical car will increase substantially.

In 2016, ten additional countries were added to the OPEC cartel to form OPEC+. These countries are Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan. Make no mistake. The OPEC+ Cartel was formed to exert even more monopolistic control over global fossil fuels production supply and pricing. OPEC+ now directly controls well over 80% of the world’s proven oil reserves. Therefore, every consumer in the world is subjugated to whatever prices and production OPEC+ dictate.

Since 2010, the price of electricity from utility-scale solar farms has fallen almost 90 percent. Onshore wind fell 60 percent in the same time. Advanced batteries, which power electric cars and are increasingly finding a role in balancing fluctuations on the electric grid, fell more than 80 percent. When highly efficient light bulbs made with light-emitting diodes, or LEDs, first came out just over a decade ago, you could easily pay $50 for one; nowadays they sell at Home Depot for $1.24 apiece, a decline of 97 percent.

Back then, Ron Howell’s job might have seemed easy enough: he sold the gasoline and other fuels that Koch Industries produced at its refineries. As the senior vice president of supply and trading at Koch, Howell made sure that Koch’s fuel went straight from the refineries to the highest-paying customer. Gasoline was the kind of product that seemed to sell itself—there was always demand for fuel. People at Koch referred to Howell’s job as the “dispossession of molecules,” meaning that he simply had to find a home for the various fuels that Koch produced. This seemed straightforward. But Howell’s job was the kind of job that produced insomnia and ulcers. It forced him to retire when he was in his thirties before the job killed him. When he talked about oil trading, even decades later, Howell often used words like whippin’ and savage. The savagery of Howell’s average workday began when he walked into the office in Houston every morning and picked up the phone to sell the first barrel of gasoline or diesel fuel. The stomach acids started to boil the instant Howell tried to establish what might seem like a basic, simple fact: the price of oil that day. Determining the price of oil at any given minute was an arcane art practiced by a network of traders around the world. They spent their days on the phone with one another, arguing, cajoling, bluffing, and bullying. The fact is that nobody really knew the price of a barrel of oil, or gasoline, or diesel fuel. Everybody had to guess, and the person who could guess with the most precision walked away with profits that were almost limitless. The person who guessed wrong faced instant, brutal downsides in the market. There was a common misperception that the price of oil floats up and down on a global market. Every day, business commentators and journalists talked about the “price of oil” as if it were like the price of General Electric stock—a price that was determined by millions of buyers and sellers who traded on large, open exchanges. In fact, there was no global market for oil. Oil was bought and sold inside a constellation of thousands of tiny nodes where transactions and prices were totally hidden to outsiders.

By 1912, more than six thousand types of electric vehicles were on offer, ranging in price from modest $850 town cars to luxurious $5,500 limousines (roughly equivalent to spending $22,600 to $146,000 for those same luxuries today).

For decades, Green activists have been attacking our sources of energy. Every single one has been demonized. Coal, which liberated mankind from the Malthusian trap, gave us manufacturing, railroads, and steamships; more than doubled our life expectancy; and saved almost all of us from having to be dirt farmers. Oil, which substantially replaced coal in the 20th century, made airplanes and the private automobile possible, along with the rest of the modern world. And, starting in the 1960s and ’70s, hydropower, nuclear fission, and even natural gas have come under the guns of the activists. The currently fashionable “renewables,” such as wind and solar power, have largely escaped the attacks. Battery-powered electric cars are the darlings of the Greens. But this is because they are simply not capable of providing anywhere near the energy or range that civilization depends on at a price it can afford. Should any of these, or other new forms of energy, prove actually usable on a large scale, they would be attacked just as viciously as fracking for natural gas, which cuts CO2 emissions in half, and nuclear power, which would eliminate them entirely.

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Introduction to Solar Rooftop Systems Understanding Solar Energy Importance of Solar Rooftop Systems Harnessing the power of the sun to generate clean and renewable energy has become increasingly essential in today's world. Solar rooftop systems offer a sustainable solution for both residential and commercial properties to reduce reliance on traditional grid electricity and lower carbon emissions. By understanding the fundamentals of solar energy and recognizing the significance of solar rooftop installations, individuals and businesses in Bangalore can pave the way towards a more environmentally conscious and cost-effective energy future. # Solar Rooftop in Bangalore - Sunease Solar ## Introduction to Solar Rooftop Systems ### Understanding Solar Energy Solar energy is like the coolest kid on the block when it comes to renewable energy sources. It's basically sunlight transformed into electricity, which is pretty neat if you ask me. ### Importance of Solar Rooftop Systems Solar rooftop systems are like the superheroes of the energy world - they harness the power of the sun right from your rooftop. They not only help you save money but also reduce your carbon footprint. Win-win! ## Benefits of Solar Rooftop Installations ### Financial Savings Imagine cutting down on those hefty electricity bills - that's what solar rooftop installations do. They help you save money in the long run while also increasing the value of your property . It resembles having your cake and eating it as well! ### Environmental Impact By switching to solar energy, you're basically giving Mother Earth a virtual high-five. Solar rooftop installations reduce greenhouse gas emissions and help combat climate change. So, you're not just saving money, you're saving the planet. NBD. ### Energy Independence Who doesn't want to be a little more independent, am I right? Solar Rooftop in Bangaloreprovide you with a sense of self-sufficiency when it comes to energy. You're not at the mercy of fluctuating electricity prices anymore. It's like taking control of your energy destiny. ## Solar Rooftop Initiatives in Bangalore ### Government Policies and Incentives Bangalore is all about that solar love. The government has rolled out various policies and incentives to promote solar rooftop installations. It resembles they're saying, "Here's something special to do your change to sun oriented considerably better." ### Community Programs and Awareness Communities in Bangalore are coming together to spread the good word about solar energy. From awareness campaigns to collective installations, they're making sure everyone knows that solar is the way to go. It's like a solar revolution, but with a cool community twist. ## Sunease Solar: A Leader in Solar Rooftop Solutions ### Company Overview Sunease Solar is basically the Gandalf of solar rooftop solutions - wise, reliable, and always there when you need them. They're experts in the field, making the switch to solar as easy as pie (solar-powered pie, of course). ### Product Offerings From sleek solar panels to cutting-edge inverters, Sunease Solar has it all. They offer top-notch products that are not only efficient but also look pretty darn good on your rooftop. It's like having the Ferraris of solar installations. ### Customer Success Stories Customers love Sunease Solar, and for good reason. Their success stories speak volumes about the quality of service and satisfaction they provide. It's like a feel-good movie, but with solar panels instead of actors. 5. Key Features of Solar Rooftop Systems Panel Efficiency and Durability When it comes to Solar Rooftop in Bangalore, panel efficiency and durability are key factors to consider.

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Solar street lights have emerged as a sustainable and efficient lighting solution, harnessing the power of Solar Street Light Price in Bangalore, a city known for its technological advancements and focus on sustainable practices, the adoption of solar street lights has been on the rise. This article delves into the pricing dynamics ofSolar Street Light Price in Bangalore, exploring the factors influencing costs, comparing price ranges, and providing valuable insights for individuals or organizations looking to invest in this eco-friendly lighting option. 1. Introduction to Solar Street Lights Overview of Solar Street Lighting If you've ever walked down a dark street and thought, "Wow, this could really use some more light," then solar street lights are here to save the day. These nifty lights are like your regular street lights but with a green twist – they harness the power of the sun to illuminate your path. Importance of Solar Energy in Street Lighting Solar energy is like that reliable friend who always has your back – it's renewable, sustainable, and abundant. By using solar energy in street lighting, we reduce our dependence on fossil fuels, cut down on electricity bills, and contribute to a cleaner, greener future. Plus, who doesn't love soaking up some vitamin D during the day and then basking in solar-powered light at night? 2. Benefits of Solar Street Lights Energy Efficiency and Cost Savings Picture this: solar street lights gobbling up sunlight during the day, storing it in their metaphorical bellies, and then gleefully lighting up the streets at night without a care in the world. Not only are they energy-efficient, but they also help save on electricity costs in the long run. It's like having your cake and eating it too – or in this case, having your light and saving on bills. Environmental Impact and Sustainability If the planet could talk, it would give a standing ovation to solar street lights. By opting for solar-powered lighting, we reduce carbon emissions, lower our environmental footprint, and take a step towards a more sustainable future. It's basically like hitting the eco-friendly jackpot – brighter streets, happier planet. 3. Factors Affecting Solar Street Light Prices in Bangalore Quality and Brand Reputation Just like choosing between a gourmet burger and a fast-food one, the quality of solar street lights can vary. Brands with a good reputation often come with a higher price tag, but they also offer reliability and performance that's worth the extra dough. Technology and Features From fancy motion sensors to remote-control options, the technology and features packed into solar street lights can influence their prices. It's like picking a smartphone – the more bells and whistles, the higher the cost. But hey, who doesn't love a little extra tech magic in their lighting? 4. Price Range Analysis of Solar Street Light Price in Bangalore bustling city, solar street light prices can vary based on features, quality, and brand. It's like playing a price-matching game where you can find something that still sparkles like a diamond while staying within your budget. Popular Models and Their Prices Bangalore offers a wide range of popular solar street lights at a variety of price points, ranging from sleek, contemporary designs to robust, effective models. There is a solar street light with your name on it, whether you are a tech-savvy enthusiast or a buyer with a tight budget. 5. Tips for Choosing the Right Solar Street Light Considering Your Lighting Needs Prior to entering the solar street light market, consider your lighting requirements.

Light A very good PvP fruit, good for grinding and PvP. High damage, very fast speed, and a good fruit for just about anyone from gun types (practically no one) to sword, and others too! COMBOS: (Only OK ones, I will do more in the combos chapter.) lvl. 120- : Light [c] Electric [x] (down) Light [z] light [v] Electric [c] electric [z]. Rating: medium. One-shot combo: Dark step [v] dark step [x] light [c] light [v] light [x] dark step [c] dark step [z]light [v]. Rating: hard. price: 650,000

W.A.C. Bennett grew tired of the company’s obstinance. In August 1961, after rumors of a potential takeover had circulated within the province for months, Bennett introduced the Power Development Act into the legislature in order to confiscate BC Electric for C$111.0 million. The bill passed unanimously, allowing the government to seize control of the utility. The move was highly controversial, sparking an uproar within the business press, with some overly dramatic papers even labeling Bennett a dictator. In an unfortunate coincidence, the head of British Columbia Power and BC Electric, A.E. “Dal” Grauer, had passed away a few days earlier, and his funeral transpired on the very same day the government took over the company he had led.184 In addition to taking BC Electric, the bill offered to buy the rest of BC Power for C$68.6 million, with interest accruing on this amount until the offer expired at the end of July 1963. Combined with the C$111.0 million paid for BC Electric, this offer would result in a total payment for all of BC Power’s operations of C$179.6 million—or the equivalent of C$38.00 per share. Bennett justified this price by highlighting that the proposal was a premium to the C$34.75 price the shares sold for the day before the expropriation.185 While the combined price of C$38.00 per share was reasonable, the valuation for the constituent parts was peculiar. The C$111.0 million price for BC Electric matched its paid-in capital but ignored the other C$28.6 million of common book equity. And this amount sidestepped the debate over whether book value was even an appropriate methodology for the utility in the first place. The C$68.6 million price for the rest of BC Power’s assets was even odder since these remnant assets generated no income and were carried on the balance sheet at only C$4.0 million. This was a clear overpayment for the holding company’s assets, proposed to entice it into consenting to the BC Electric takeover.186 Predictably, BC Power did not stand idly by. After preliminary attempts to negotiate a higher price were thwarted, the company took action in the Supreme Court of British Columbia on November 13, 1961. BC Power sought rulings on the validity of the initial Act, the right to additional compensation, and the convertibility feature of debentures issued by BC Electric (more on this last point in the next section).187 While the parties awaited trial, the government took additional steps to further entrench the takeover. At the end of March 1962—nearly eight months after the original seizure—the British Columbia legislature passed two new statutes. The first was the province’s amendment of the Power Development Act, which paid an additional C$60.8 million to BC Power for BC Electric and eliminated the offer for the rest of the parent company’s assets. Table 1 shows that the amendment didn’t significantly alter the total compensation. But the new consideration was a more realistic number for BC Electric and solved for the peculiar offer for the remaining assets, which BC Power would now have to sell themselves.

In fact, the state was among the nation’s leaders in terms of high taxes, the highest poverty rates, the largest number of welfare residents, both in absolute and relative numbers, the greatest number of homeless people, among the steepest gasoline and electricity prices, the largest number of illegal aliens, the greatest number of outmigrants, among the worst schools and roads, and the greatest ratios of inequality.34 The

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Introduction to Solar Rooftop in Bangalore Solar rooftop systems have emerged as a game-changing innovation in Bangalore's energy consumption, providing a green and sustainable alternative to conventional sources of power. Solar rooftops are gaining a lot of traction among residential, commercial, and industrial users in the city as it deals with rising energy demands and environmental concerns. This article examines the advantages, drawbacks, government initiatives, case studies, and prospects for the future of solar rooftops, which have had a profound effect on Bangalore's energy landscape. 1. Introduction to Bangalore's Solar Rooftops An Overview of Bangalore's Solar Rooftop Systems Ah, Bangalore! Home to tech whiz kids, filter coffee connoisseurs, and now the progressive pioneers who are embracing solar rooftops! The eco-friendly Batman of the energy industry, solar rooftop systems are perched atop buildings and convert sunlight into clean, renewable power. Installed on rooftops, these systems use solar panels to generate electricity, assisting in the reduction of reliance on conventional grid power. 2. Economic Benefits of Solar Rooftops for Energy Consumption Who doesn't love saving money while protecting the environment? The economic benefits of solar rooftops in Bangalore are significant. By producing your own power, you can slice those heavy energy bills and even bring in an additional money by selling overabundance influence back to the matrix. It's like having a solar side business on your roof! Impact on the Environment Let's be honest: Bangalore's air quality could use a break. When it comes to reducing emissions of greenhouse gases and air pollution, solar rooftops emerge as the cloaked crusaders. You are reducing your carbon footprint and contributing to a cleaner and greener Bangalore by using solar power. When the sun shines on your rooftop panels, it's like giving Mother Nature a high five. 3. Impact of Solar Rooftop in Bangalore Energy Landscape Reduction of Carbon Footprint Bangalore, with its vibrant culture and bustling IT hubs, can also be a hotbed for emissions. Sun powered roofs go about as the eco-heroes, checking carbon impressions and advancing manageability. The city has the potential to make a significant leap toward a more healthy environment and a brighter future for future generations by utilizing solar energy. Integration with Existing Energy Infrastructure The beauty of solar rooftops in Bangalore is that they seamlessly combine solar power with traditional grid energy. These frameworks can undoubtedly incorporate with the current energy foundation, making a more strong and dependable energy organization. It's like combining the best of both worlds to guarantee the city's bustling energy supply's stability and sustainability. 4. Adopting Solar Rooftops: Obstacles and Solutions Initial Cost and Return on Investment We understand that the initial cost of installing solar rooftops may appear to be the bad guy in this sustainability tale. However, rest assured! The return on investment for solar rooftops in Bangalore is brighter than a sunny day thanks to government subsidies, tax incentives, and lower panel prices. Consider it a long-term investment in the environment and your savings. Technical Considerations and Maintenance Although the process of maintaining solar rooftops may appear intimidating, it is not rocket science—rather, it is solar science! To keep your solar panels in top condition, all you need to do is clean them on a regular basis, keep an eye on how well the system is working, and do occasional maintenance checks. Navigating the technical aspects of solar rooftops has never been easier thanks to technological advancements and the assistance of local experts.

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Solar Rooftop in Bangalore – Sunease Solar Bangalore, India's Silicon Valley, is known for more than just its booming tech sector. It is also becoming more and more aware of sustainable energy options. The move toward renewable energy, particularly solar power, has gained tremendous momentum as demand for energy rises and prices rise. Sunease Solar, which focuses on Solar Rooftop in Bangalore, has emerged as a leading name among the many businesses in the city. Why Bangalore's Solar Rooftop? Due to its location, Bangalore is an ideal location for harnessing solar energy. The city has a lot of sunshine all year, so it has a lot of potential for making solar power. Solar roofs give homeowners, businesses, and industries access to this renewable resource, lowering their reliance on conventional sources of electricity and contributing to a more environmentally friendly future. Under net metering policies, putting in a solar rooftop system not only helps cut down on electricity costs, but it also gives you a chance to make more money by selling excess power back to the grid. Furthermore, now is the ideal time to switch to solar energy in Bangalore due to the state government of Karnataka's push for its adoption through subsidies and incentives. Sunease Solar is a leading player in the solar energy industry, providing individualized solar rooftop installations for Bangalore's residential, commercial, and industrial properties. Sunease Solar has established a reputation for dependability, expertise, and outstanding customer service thanks to its dedication to providing solar solutions that are both effective and of high quality. Why should I pick Sunease Solar? Individualized Solar Solutions: Sunease Solar offers individualized solutions to meet each client's unique energy needs. Their team assesses your energy requirements and designs a solar rooftop system that maximizes efficiency and savings for a home, office, or industrial unit. High-Quality Materials: The quality of a solar rooftop system's components determines its efficiency and longevity. Sunease Solar only makes use of the best solar panels, inverters, and mounting structures available. This makes sure that the systems will last, work well, and be able to handle the weather in Bangalore. Complete Service: Sunease Solar offers a complete service, from consultation and site evaluation to system design, installation, and upkeep. Their group of specialists handles every one of the specialized and calculated parts of the establishment cycle, making it consistent and bother free for the client. Government incentives and subsidies: Sunease Solar ensures that customers can take full advantage of the financial support for Solar Rooftop in Bangalore by guiding them through the complicated application process for government subsidies and incentives. Cost-effective and friendly to the environment: You will not only save money on your electricity bills but also reduce your carbon footprint when you choose Sunease Solar. Solar energy is a renewable, clean resource that contributes to a more sustainable environment by lowering emissions of greenhouse gases. Benefits of rooftop solar: Lower utility bills: By generating power directly from the sun, a solar rooftop system can significantly reduce electricity costs. In a city like Bangalore, where energy costs are rising, this is especially beneficial. Independence on Energy: You become less reliant on conventional energy sources and their fluctuating costs with solar power. In the long run, a solar roof installation gives you energy independence and security. Gain in Property Value: Solar rooftop systems make buildings and homes more appealing to prospective buyers and renters. Solar installations are regarded as an important addition that frequently raise property values.

Table 1: Change in compensation Source: British Columbia Power, 1962 annual report. Figures in thousands other than per share data. The second key legislation was the British Columbia Hydro and Power Authority Act. This act merged the British Columbia Power Commission, a government-owned public utility that served smaller communities unserved by BC Electric, with BC Electric into a single corporation named the British Columbia Hydro and Power Authority. This maneuver cemented the two entities together, creating an additional complication if the Court later reversed the takeover.188 With the Amending Act payment in hand, BC Power had cash—less all liabilities—of C$19.30 per share. The stock sold for less than this, closing at C$16.75 the day after the payment and then fluctuated around this number over the coming months.189 At this price, the stock traded at a 13.2% discount to net cash, held around C$2.10 of additional assets, and possessed continued upside if litigation went the company’s way.

This is the way the power industry began in the days of Muncie, Indiana. Each town had one power plant, and there were no power lines between cities or towns. Moreover, technological developments are forcing a new look at this sort of design, nowadays referred to as microgrids. However, with current technologies and costs, microgrids are not yet cheaper than power from the large-scale grid. In other words, if you want an electric power supply that is extremely reliable—that is, very rarely has blackouts—at the lowest possible price, you need a fleet of large generators and a grid interconnecting them.

We owe the low price of electricity today to the power grid, the network that emerged through these pairwise connections, linking all producers and consumers into a single network. It allows cheaply produced power to be instantly transported anywhere. Electricity hence offers a wonderful example of the huge positive impact networks have on our life

A dumb electric meter adds up all of the kWh used over the course of a month regardless of when that power was made and how much it cost to make. Some homes use a lot of power during the expensive mid-day period, while others use most of their power at night. If those two homes used the same monthly total number of kWh, and they had a dumb meter, the power company has to charge them the same amount for monthly service because it doesn’t know when each house was using power. An executive I know likens this to weighing your grocery cart when you check out at the supermarket and charging you per pound of groceries in the cart, without prices for any of the specific items you chose to buy that day, whether it be caviar or pet food.

Carlton Church: Australia in Doubt on Building Nuclear Plant With the continuous trend of nuclear proliferation, the nuclear-free Australia is in critical dilemma on whether to start the industry in the country or not. On one end of the coin, the negative effects of nuclear generation will surely cause skepticisms and complaints. On the other side, nuclear fuel industry is worth exploring. Prime Minister Malcolm Turnbull has been reserved when it comes to nuclear talks but he did admit that “Australia should ‘look closely’ at expanding its role in the global nuclear energy industry, including leasing fuel rods to other countries and then storing the waste afterwards”. South Australian Premier Jay Weatherill set up a royal commission in March to undertake an independent investigation into the state’s participation in the nuclear fuel cycle. Carlton Church International, non-profit organization campaigning against nuclear use, says there is no need for Australia to venture into nuclear turmoil as they already have an extensive, low cost coal and natural gas reserves. Other critics has also seconded this motion as it is known that even Turnbull has pointed out that the country has plentiful access to coal, gas, wind and solar sources. During an interview, he also stated, “I’m not talking about the politics. We’ve got so much other affordable sources of energy, not just fossil fuel like coal and gas but also wind, solar. The ability to store energy is getting better all the time, and that’s very important for intermittent sources of energy, particularly wind and solar. But playing that part in the nuclear fuel cycle I think is something that is worth looking at closely”. A survey was also conducted among random people and a lot of them have been reluctant about the nuclear issue. Some fear that the Fukushima Daichii Incident would happen, knowing the extent of the damage it has caused even to those living in Tokyo, Japan. Another review also stated, “We only have to look at the Fukushima disaster in Japan to be reminded of the health, social and economic impacts of a nuclear accident, and to see that this is not a safe option for Australians.” According to further studies by analysts, 25 nuclear reactors can be built around Australia producing a third of the country’s electricity by 2050. But it also found nuclear power would be much more expensive to produce than coal-fired power if a price was not put on carbon dioxide emissions. Greenpeace dismissed nuclear power as “an expensive distraction from the real solutions to climate change, like solar and wind power”. - See more at: carltonchurchreview.blogspot

Collins consolidating power. When it came to news about Collins, there was nothing, as if it never happened that he announced the elections nullified. However, the stock market prices were in a free fall, down at least two thousand points since that morning. The stock market reporter was saying the stock market hadn’t been that bad since the Second Great Depression of 2008 to 2016. If the market were to get even lower, the results could resemble the original Great Depression from one hundred years prior. Gas prices would soar even higher, electric rates would hit the stratosphere, food would get more expensive, and unemployment would definitely hit 1930’s rates of unemployment. However, the reporter wouldn’t blame the stock market crashing on anything,

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Modern economics, by which I mean the style of economics taught and practised in today's leading universities, likes to start the enquiries from the ground up: from individuals, through the household, village, district, state, country, to the whole world. In various degrees, the millions of individual decisions shape the eventualities people face; as both theory, common sense, and evidence tell us that there are enormous numbers of consequences of what we all do. Some of these consequences have been intended, but many are unintended. There is, however, a feedback, in that those consequences in turn go to shape what people subsequently can do and choose to do. When Becky's family drive their cars or use electricity, or when Desta's family create compost or burn wood for cooking, they add to global carbon emissions. Their contributions are no doubt negligible, but the millions of such tiny contributions sum to a sizeable amount, having consequences that people everywhere are likely to experience in different ways. It can be that the feedbacks are positive, so that the whole contribution is greater than the sum of the parts. Strikingly, unintended consequences can include emergent features, such as market prices, at which the demand for goods more or less equals their supply. Earlier, I gave a description of Becky's and Desta's lives. Understanding their lives involves a lot more; it requires analysis, which usually calls for further description. To conduct an analysis, we need first of all to identify the material prospects the girls' households face - now and in the future, under uncertain contingencies. Second, we need to uncover the character of their choices and the pathways by which the choices made by millions of households like Becky's and Desta's go to produce the prospects they all face. Third, and relatedly, we need to uncover the pathways by which the families came to inherit their current circumstances. These amount to a tall, even forbidding, order. Moreover, there is a thought that can haunt us: since everything probably affects everything else, how can we ever make sense of the social world? If we are weighed down by that worry, though, we won't ever make progress. Every discipline that I am familiar with draws caricatures of the world in order to make sense of it. The modern economist does this by building models, which are deliberately stripped down representations of the phenomena out there. When I say 'stripped down', I really mean stripped down. It isn't uncommon among us economists to focus on one or two causal factors, exclude everything else, hoping that this will enable us to understand how just those aspects of reality work and interact. The economist John Maynard Keynes described our subject thus: 'Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world.

The problems facing America have become much more complex over time, and the political class lacks the capacity to deal with them. The problems are global, interconnected across many areas of politics and policy, and often highly technical. The climate change challenge, for example, involves agriculture (both as a source of greenhouse gas emissions and as a highly vulnerable sector), electricity generation and distribution, federal and private land use, transportation, urban design, nuclear power, disaster risk management, climate modeling, international financing, public health, and global negotiations. Could one imagine a problem less easily handled by a layman Congress operating on a two-year election cycle? The

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regulations, wastewater was managed in treatment facilities and no longer dumped into streams. Thus, the cost of pollution was captured in the cost of oil production. indeed, clean water from these treatment facilities was sold to nearby farmers for irrigation. on the other hand, these new technologies spewed large amounts of pollutants into the air. That air pollution was viewed as a cost of doing business; its environmental costs were ignored. oil prices collapsed in the 1980s. at the same time, air-quality regulations were becoming stiffer. operations at the Kern river oil field were again tenuous. yet once again, technological innovation provided a fix. oil companies built facilities to generate electricity that were fueled by natural gas, which burns cleaner than oil. This electricity was a source of revenue. The electric facilities also supplied steam that was used to increase production from the wells. in 2000, the Kern river oil field produced nearly 40 million barrels of oil. however, this level of production could not be sustained. since then, production has fallen to less than 30 million barrels each year (Figure 15.3). since 1899, over 2 billion barrels of oil have been extracted from the Kern river oil field. scientists estimate that this field could yield another 475 million barrels. But actually producing that much oil will depend on continuing improvements in technology and high oil prices. like many of the resources upon which we depend, oil is being consumed by humans at a rate that is thousands of times faster than the rate at which it is being produced. What are the factors that influence the total amounts of such resources? how do technology and economic factors affect the availability of those resources? What are the environmental consequences of their use? These questions are central to

In 1990, under the administration of George H. W. Bush, amendments to the Clean Air Act established an emissions trading—or “cap and trade”—system to control acid rain. The system resulted in a 54 percent decline in sulfur dioxide levels between 1990 and 2007, while the inflation-adjusted price of electricity declined during the same period.174 In 2003, the EPA reported to Congress that the overall cost of air pollution control during the previous ten years was between $8 billion and $9 billion, while the benefits were estimated from $101 billion to $119 billion—more than ten times as great.175 Singer’s “billion-dollar solution to a million-dollar problem” was just plain wrong.

At current electricity prices, Yoda would be worth about $2/hour.

This visual of two different worlds and planes of existence converging on a mountain top was actually quite amazing and eye opening to witness. The “haves” and the “have nots.”  It gave me a new perspective. More perspective than I feel I’d gained on the journey so far. People simply don’t know how good they have it, even when things seem terrible or difficult. Although I’d chosen to do this hike and live this way temporarily, I understood there were people out there who lived like this permanently, without any choice, while in much worse conditions and circumstances. Any Dick and Jane can say, “Yeah, I know there are people out there who live like that, and I understand and feel sorry for them.” I’m sure some people reading this are thinking that same thing. I’ll tell you right now, I’ve been to third world countries and you can see it, sympathize with it, and think you understand it; but in reality, you may not. Not until you’ve experienced and lived it for yourself. I thought I understood it simply by seeing it, but it wasn’t until I’d lived parts of that “have not” experience, that I realized just how much I didn’t understand it. Defecating outside and maybe not having toilet paper. Sleeping outside, not having running water or hot water, not having showers, and being miles from the nearest help. Not having whatever you want to eat every day or possibly running out of food, or not finding water. Not having electricity, not having climate control, and having your feet as your only means of transportation. Dealing with any and all elements whenever they should arise, as well as having limited hygiene products and smelling terrible every day. This only scratches the surface. I won’t pretend to know exactly what it’s like for people who are stuck in this lifestyle permanently, but in making this journey I certainly gained a much better understanding. I knew that even though it was the life I’d chosen to live at that time, I still had it better than probably half the people on the planet. I could get a reprieve (for a price) anytime I went into town. I could end any suffering, discomfort, and pain I experienced on any day I chose... but I didn’t.  I was enjoying the experience and perspective I was gaining on an almost daily basis. The time for personal reflection and the thousands of moments I had each day that belonged to me and only me was intoxicating. The whole experience was surreal, yet at the same time more real than anything in the modern world. Everything around you out there “is what it is” and isn’t trying to be anything else. It’s simple and honest, which is more than can be said for the “modern” world, where many things are never as they seem, and most everybody wants something from you. 

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In the 1990s, before shale, gas never accounted for more than 17 percent of generation. But, with the arrival of shale, gas was highly competitive on price, and environmental opposition had made it virtually impossible to build a new coal-fired plant in the United States. As late as 2007, coal generated half of U.S. electricity. By 2019, it was down to 24 percent, and natural gas had risen to 38 percent. That was the main reason why U.S. carbon dioxide (CO2) emissions dropped down to the levels of the early 1990s, despite a doubling in the U.S. economy.

When Nigerians who don't enjoy electricity are asked to pay higher tariff for it, what do you think? It's like paying the bride price of a dead maiden. And if the reason for the high tariff is, like they claim, to attract investors, see it as senseless as the idea of paying the bride price of a yet-to-be-born bride.

Based on his assumption that a bitcoin miner will on average spend 90 percent of the value of the mined bitcoin on electricity, Lane calculated that a $1,000 bitcoin price would result in 8.2 million tons of carbon per year, about the size of Cyprus’s emissions, and that a $100,000 bitcoin price would produce 825 megatons annually, or the equivalent of Germany’s emissions.

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In the United States, buildings use nearly 75 percent of our electricity. They must be heated and cooled—most often, for the moment, with two separate appliances—a furnace powered by natural gas or oil and an air conditioner powered by electricity. The next leap is to get rid of the old appliances entirely and install an electric heat pump that provides both services in one device. These clever systems both heat and cool and turn one unit of electricity into three units or more of heat, with industrial versions available for large buildings. While this technology still needs to drop in price, it’s ready and waiting at your nearest authorized dealer.

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the three major sectors (electricity, transportation, and industry) all produce comparable emissions. But they’d be affected very differently by an economy-wide carbon price. For example, coal fueled about one-quarter of US electricity in 2019, and each metric ton of that coal was sold for about $39.7 A carbon price of $40 for each ton of CO2 emitted would effectively double that cost to power plant operators and so be a strong inducement for them to forswear coal. In contrast, that same carbon price would increase the effective price of crude oil by only about 40 percent above $60 per barrel. And if that cost were passed through to the pump, gasoline would increase by only some $0.35 per gallon. Since that’s small compared to how much pump prices have varied historically, consumers wouldn’t have much incentive to move away from gasoline. So reductions in emissions from power (and, as it turns out, heat) are much easier to encourage than reductions from transportation, fundamentally because oil packs a lot more energy per carbon atom than does coal.

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The first solar photovoltaic panel built by Bell Labs in 1954 cost $1,000 per watt of power it could produce.128 In 2008, modules used in solar arrays cost $3.49 per watt; by 2018, they cost 40 cents per watt.129 According to a pattern known as Swanson’s Law, the price of solar photovoltaic modules tends to fall by 20 percent for every doubling of cumulative shipped volume. The full price of solar electricity (including land, labor to deploy the solar panels, and other equipment required) falls by about 15 percent with every doubling. The amount of solar-generated power has been doubling every two years or less for the past forty years—as costs have been falling.130 At this rate, solar power is only five doublings—or less than twelve years—away from being able to meet 100 percent of today’s energy needs. Power usage will keep increasing, so this is a moving target. Taking that into account, inexpensive renewable sources can potentially provide more power than the world needs in less than twenty years. This is happening because of the momentum that solar has already gained and the constant refinements to the underlying technologies, which are advancing on exponential curves. What Ray Kurzweil said about Craig Venter’s progress when he had just sequenced 1 percent of the human genome—that Venter was actually halfway to 100 percent because on an exponential curve, the time required to get from 0.01 percent to 1 percent is equal to the time required to get from 1 percent to 100 percent—applies to solar capture too.

The traders at Koch and Enron now had market power. What the lawmakers didn’t take into account back then was the peculiar nature of commercial electrons and electrical power. Unlike other commodities such as corn and oil, electrons cannot be stored. They must be transmitted and used in real time as they are created. This made the electrical grid particularly vulnerable to market power. The grid had to be expertly orchestrated to match supply and demand almost perfectly: if enough electrons weren’t forced down the wires to meet demand, then the system could shudder, and blackouts could result. In other words, system reliability dictated that demand must be met in real time—buying that last megawatt of power to meet demand was a necessity rather than a luxury. The market for that last mega-watt hour was a seller’s market, and the savvy trader could exact a ransom price.

The bill created a new market on which Koch’s traders could buy and sell megawatt-hours: a market called the California Power Exchange. It was basically a wholesale market where utilities bought power, thousands of megawatt-hours at a time, to meet their customers’ needs. There was a wrinkle in this exchange that would later cause calamity. The prices on the Power Exchange could float with market conditions. But the prices that utilities could charge their customers for the power they bought on the exchange were frozen. The utility companies had pressed to freeze customer rates at high levels as a way to recoup the $20 billion to $30 billion in power plant upgrades the utilities made before the new law forced them to sell those same power plants. The state agreed to freeze electricity rates—at a price that was higher than wholesale power—so the utilities would be guaranteed a comfortable profit margin for the first few years of deregulation. When everything went south later, trading companies like Enron, who were actually breaking the law, would scapegoat the rate freeze and call it a “price cap,” using it as evidence that California had created a distorted marketplace that was simply begging to be exploited. In fact, the rate freeze was not a cap at all but a floor—a guarantee that prices would be high enough for the utilities to recoup their sunk costs. It appears that virtually no one in 1998 believed that wholesale electricity prices might actually go higher in the age of deregulation.

But then, during the first days of January in 2000, the West Power Clearing Model began to produce some very strange numbers. It seemed that there was a supply crunch looming in California. The state had not built a new power plant in about a decade, and demand had been rising steadily. Water reservoirs were getting low, thanks to a dry year with little rainfall. A hot summer seemed to be on the way. Demand was high and supplies were tight, which meant that prices would soon be rising. This was essentially the same analysis that Brenden O’Neill was seeing on the natural gas desk. There would be a spike in both gas and electricity prices, which were closely connected. There was a small problem, however. California’s day-ahead market on the Power Exchange had a price cap on it. This created a potential distortion in the market: the real price of power might float higher than the capped price, which would force producers to trade at a loss. There seemed to be some gaming going on in this market in response to the price caps—it looked like some utility companies were intentionally underscheduling their loads in the day-ahead market to try and evade the price caps. The traders believed that California’s new system was imperfectly deregulated because of the price caps, and they also seemed to believe that the state’s political leaders were too dumb to recognize the fact or change it. The traders weren’t sympathetic to the idea that they should abide by the price caps if the market dictated otherwise. The thinking of Enron traders was captured in recorded phone calls, later obtained by investigators, which included gems such as: “Grandma Millie, man . . . now she wants her fucking money back for all the power you’ve charged . . . jammed right up her ass for fucking two hundred fifty dollars a megawatt-hour.

of climate change. What was needed was a massive nudge in the right direction. In the past, the stick of regulation and the rod of taxation were the methods that environmentalists believed could break the fossil fuel economy. But the Inflation Reduction Act doesn’t rely on such punitive tactics, because Manchin culled them from the bill. Instead, it imagined that the United States could become the global leader of a booming climate economy, if the government provided tax credits and subsidies, a lucrative set of incentives. There was a cost associated with the bill. By the Congressional Budget Office’s score, it offered $386 billion in tax credits to encourage the production of wind turbines, solar panels, geothermal plants, and battery storage. Tax credits would reduce the cost of electric vehicles so that they would become the car of choice for Middle America. But $386 billion was an estimate, not a price tag, since the legislation didn’t cap the amount of money available in tax credits. If utilities wanted to build more wind turbines or if demand for electric vehicles surged, the government would keep spending. When Credit Suisse studied the program, it estimated that so many businesses and consumers will avail themselves of the tax credits that the government could spend nearly $800 billion. If Credit Suisse is correct, then the tax credits will unleash $1.7 trillion in private sector spending on green technologies. Within six years, solar and wind energy produced by the US will be the cheapest in the world. Alternative energies will cross a threshold: it will become financially irresponsible not to use them. Even though Joe Biden played a negligible role in the final negotiations, the Inflation Reduction Act exudes his preferences. He romanticizes the idea of factories building stuff. It is a vision of the Goliath of American manufacturing, seemingly moribund, sprung back to life. At the same time that the legislation helps to stall climate change, it allows the United States to dominate the industries of the future. This was a bill that, in the end, climate activists and a broad swath of industry could love. Indeed, strikingly few business lobbies, other than finance and pharma, tried to stymie the bill in its final stages. It was a far cry from the death struggles over energy legislation in the Clinton and Obama administrations, when industry scuppered transformational legislation. The Inflation Reduction Act will allow the United States to prevent its own decline. And not just economic decline. Without such a meaningful program, the United States would have had no standing to prod other countries to respond more aggressively to climate change. It would have been a marginal player in shaping the response to the planet’s greatest challenge. The bill was an investment in moral authority.

Once the ACCF’s study was published, Koch Industries carried out the next phase of its echo chamber system. The study was quickly promoted by a think tank called the Institute for Energy Research, which sent out a press release on August 13 that highlighted the study’s findings. The IER was an outgrowth of the Institute for Humane Studies, the libertarian think tank cofounded by Charles Koch.IV By 2009, the IER was funded by Koch Industries and other companies, and a former Koch Industries lobbyist named Wayne Gable sat on IER’s board of directors. After the study was promoted by the IER, it was then recycled by another Koch Industries–affiliated think tank. This one was called the American Energy Alliance, and it was essentially the political action arm of the IER. The AEA was organized under the tax code in a way that it could be directly involved in politics, while the IER was organized as an “education” foundation that could not lobby or get involved in political campaigns. Where the IER was high minded, the AEA was something more of a street brawler. The AEA was headed by a former Koch Industries lobbyist named Thomas Pyle, who remained in close contact with his former colleagues at Koch’s lobbying shop. The AEA produced a series of political radio advertisements that were based on the new ACCF findings, along with other statistics that highlighted the potential economic threat of a cap-and-trade bill. A narrator in one of the radio ads intoned: “This tax will further cripple our already struggling economy—costing more American jobs. . . . Higher taxes and more job losses—what could Congress be thinking?” A corresponding fact sheet for the ad cited the ACCF for this claim. The AEA political ads were targeted in a way that benefited from keen knowledge of how the Waxman-Markey bill was then working its way through the Senate. Lindsey Graham of South Carolina was a particular target. “Why would Senator Lindsey Graham support a new national energy tax, called cap and trade?” one advertisement began. Citing the ACCF study, the advertisement claimed that “cap and trade . . . could significantly increase electricity bills, gas prices, and cost American jobs.” In all of these statements and advertisements, the same set of numbers were used again and again: More than two million jobs lost. Electricity prices would be 50 percent higher by 2030. These facts were also carried into Congress in the form of direct testimony. When the Senate Finance Committee sought to learn more about the economics of climate change, the committee invited Margo Thorning to testify. The ACCF study was submitted as evidence beforehand.

Suppose that… you were sitting down at a table. The napkins are in front of you. Which napkin would you take? The one on your left or the one on your right? 'The left' is correct. But, in a larger sense of society, that is wrong. Perhaps I could even substitute society with the universe. The correct answer is that “it is determined by the one who takes his or her own napkin first. Yes? If the first one takes the napkin to their right, then there’s no choice but for the others to also take the napkin on their right. The same goes for the left. Everyone else will take the napkin to their left, because they have no other option. This is society… who are the ones who determine the price of land first? There must have been someone determined the value of money, first. The size of the rails on a train track? The magnitude of electricity? Laws and regulation? Who was the first one to determine those things? Did we all do it, because this is a republic? Or was it arbitrary? No! The one who took the napkin first determined all of these things! The rules of this world are determined by the same principle as “right or left?”! In a society like this table, a state of equilibrium, once one makes the first move, everyone must follow! In every era… this world has been operating by this napkin principle.

France is a perfect example. After investing $33 billion during the last decade to add more solar and wind to the grid,20 France now uses less nuclear and more natural gas than before, leading to higher electricity prices and more carbon-intensive electricity.21 Between 2016 and 2019, the five largest publicly traded oil and gas companies—ExxonMobil, Royal Dutch Shell, Chevron Corporation, BP, and Total—invested

Immediately after the war the Labour party had put forward a programme: the socialisation of five basic industries—coal, electricity, transportation, steel, and the Bank of England. They promised socialised medicine, so that no sick person in Britain need go unattended, and they promised to regulate the prices of food so that no person in Britain need go hungry. They had printed that programme in pamphlet form and seen to its public distribution, and they had swept the elections on that basis.

There is the idol, there are the believers, and there I am, and if I had fewer scruples, I could well have been a priest, a necromancer, an exploiter of fears, of the primitive idolatry that one way or another the backward and aggrieved of humankind inevitably seek out. Then the church is built, the mystery embellished with art and craft, then dogma arrives, and no one can raise a voice against it. It’s an easy business. For centuries, priests, in different rites and languages, have sold a slice of heaven with all the comforts included: running water, electric light, television above all, a satisfied conscience, etc. The curious thing is that this domain, where there lives a terrible being by the name of God, has never been seen by anyone. Yet they go on selling it, and the price per cubic meter of heavenly air or divine land keeps rising higher and higher.

However, just for the heck of it, he wiggled his bent Sidney’s out of his coat pocket, thumbed to ostrich comma male-female, old-young, sick-well, mint-used, and inspected the prices.

That is my line in the sand, the one I will not cross, no matter who else pays the price. Even if it means I pay the price.

Much has also been written about a reverse manifestation of exponential change, about the impressively declining cost of solar photovoltaic cells leading to near-miraculous breakthroughs in solar electricity generation. The latter claim has been particularly popular: I encourage you to check those breathless reports of constantly and rapidly falling photovoltaic (PV) cell prices, and you will see how, if they were the only determinant of the actual cost of PV generation, we would soon be arriving at almost the same place where nuclear generation claims began in the mid-1950s, with solar generation being too cheap to meter, indeed, being absolutely a free give-away. In reality, detailed US data for residential PV systems (twenty-two panels) show that the module cost is now only about 15 percent of the total investment. The rest is needed to cover structural and electrical components (panels must be mounted on supports on roofs or on prepared ground), inverters (to change the direct current to alternating current), labor costs, and other soft costs. Obviously, none of these components, from steel and aluminum to transmission lines, permitting, inspection, and sales taxes, is tending to zero, and hence the overall costs of installation (dollars per watt of direct current delivered by the panels) show a distinctly declining rate of improvement: between 2010 and 2015 they fell by 55 percent, between 2015 and 2020 by 20 percent. And these costs do not include the additional outlays that will have to be made with the increasing share of intermittent sources (solar and wind) in overall electricity generation.

As an example, if GE was trading at a price-to-earnings ratio of 40, that meant that, if its stock was $40, it was earning $1 per share every year. If GE then bought a company with a price-to-earnings ratio of 10—that company was earning $4 per share for every $40 of stock—GE was essentially trading $1 of earnings for $3 of new earnings without doing anything except making the deal.

This unstated coordination gave the producers of electricity what economists call market power, which means the ability to set prices higher than a competitive market would allow. Within less than a hundred rounds of bidding, Talukdar’s experimental auctions resembled not so much a competitive market as a cartel, in which many sellers obtain monopoly power by coordinating their actions to artifically inflate prices. That is what OPEC, the Organization of Petroleum Exporting Countries, does openly when members collude on setting the price of oil by limiting production.