Generation
All forms of electricity generation have positive and negative aspects. Technology will probably eventually declare the most preferred forms, but in a market economy, the options with less overall costs generally will be chosen above other sources. It is not clear yet which form can best meet the necessary energy demands or which process can best solve the demand for electricity. There are indications that renewable energy and distributed generation are becoming more viable in economic terms. A diverse mix of generation sources reduces the risks of electricity price spikes.
Read more about this topic: Electric Power Industry
Famous quotes containing the word generation:
“Once I prophesied that this generation of Americans had a rendezvous with destiny. That prophecy now comes true. To us much is given; more is expected. This generation will nobly save or mainly lose the last best hope of earth. The way is plain, peaceful, generous just. A way, which if followed, the world will forever applaud, and God must forever bless.”
—Franklin D. Roosevelt (1882–1945)
“My generation had Doris Day as a role model, then Gloria Steinem—then Princess Diana. We are the most confused generation.”
—Erica Jong (b. 1942)
“They shall beget and rear children, handing on the torch of life from one generation to another.”
—Plato (c. 427–347 B.C.)