SMART GRID MODEL(3)

SMART GRID MODEL(3)

The increased energy demand may also be fulfilled by generating the power locally at the consumer end from green energy sources, results no need of additional infrastructure, only distribution network has to be configured to balance the power flow. In the present scenario the distribution networks are designed for unidirectional power flow, and there is no provision of integration with the distributed generators, storage devices etc.

Tariff Parameter: There is peak shortage of electrical energy about 16 % in India, with the increase in population and life styles the energy demand increasing at high rate. For development of a nation the electricity should be available at lesser cost, but in the present scenario, it is not possible to provide the electricity to the consumers at less cost. To reduce the cost of electricity and to minimize the demand and supply gap, it is necessary to participate in the grid operation actively from the consumer side. During the peak load periods, consumers may shift the pattern of energy utilization for their use.

Energy security: According to an investigation, with present energy consumption trends, the reserves-to-production ratio of world proven reserves of oil and gas-155 years versus 40 and 65 years respectively. By reducing the electricity generation from these fossil fuel based power plants the availability of the reserves may be available for a longer period. To make it feasible the electricity generation from green energy sources i.e. solar, wind, fuel cell etc. has to be increased as earth continuously intercepts solar power of 178 billion MW, which is about 10,000 times the world’s demand. The solar power received on the surface of the earth on a bright sunny day is about 1 kW/m2 and the available wind power potential is established to be 1.6 x 107 MW. This is higher than the present energy consumption of the world.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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