The discovery of electricity marked the beginning of the second industrial revolution. For nearly 150 years, the industry has been growing rapidly, along with the need for electricity. In 2015, worldwide electricity consumption reached 21,153 TWh, almost tripled in 30 years. Depending on the power source and consumer demand, electricity has a broad range of prices. In 2015, the price ranges from US$0.01 per kWh in Argentina to US $0.33 per kWh in Germany. For years, there are limited sources to generate electricity, mostly from fossil fuel.
The equipment to generate electricity was very expensive and it was not economical for small scale or personal use. Customers brought their electricity from power plants; have their electricity delivered by the power grid, and pay for what they consume. However, advancement in technology has changed the way people generate and distribute electricity.
#PowerSystemOperation
#BlockchainSmartGrid
#SmartGridManagement
Join this channel to get access to perks:
https://www.youtube.com/channel/UCK2tz8R5DLTPZ2sHGm8HiOg/join