SMART GRID MODEL(5)

SMART GRID MODEL(5)

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.

Socio-Economic parameters: Socio-economic development depends on complex processes of social transformation which is necessary to ensure a transition from unsustainable to sustainable patterns of energy generation and consumption. Designing of Socio-economic development program requires a good understanding of the local use of the available resources i.e. solar, wind, micro & mini hydro and fuel cell etc. Today’s the power quality and reliability is worst especially in the remote rural areas.

Smart Grid provides electricity to the consumers all the time at reduced cost and also provides opportunities for the Consumers to participate actively in grid operation. Smart grid motivates the consumers to install the solar panel and wind generators at their premises to fulfill their electricity demand and also for the other consumers by sell-back to the grid.

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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