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Energy Community Performance Future Forecasts

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Kimberly McKenzie-Klemm's picture
Industry Technical Writing and Editing TPGR Solutions

After almost five years, I am happy to be up and writing again. Please tell me if you are still welcoming contributors articles at this time. I have had an enormous blessing of restored eyesight...

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This item is part of the Special Issue - 2022-01 - Power Industry 2022 Trends & Predictions, click here for more

As the Energy Community looks forward to future growth and trending difficulties and successes, there are four serious Energy Community considerations to watch:

  1. Combined heat and power (CHP) energy production
  2. Buried risk costs
  3. Natural disaster responses
  4. Consumer centric energy markets

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Energy Community performance forecasts can be extrapolated from the examination of the current status quo in each of these four areas of consideration including lessons learned and improvements expected. To adequately embrace the paths leading the Energy Community Industry into the future, attention requires focus on Energy network alignment practices and grasping Energy Community change patterns. Choices for the Energy Community performance future demand reviews of where the Energy Community has conquered challenges and how current situations are failing the tests of productive, efficient, and safe cost effective energy production.

The widest use of combined energy production methods is known as combined heat and power (CHP).  “(CHP) may not be widely recognized outside industrial, commercial, institutional, and utility circles, but it has quietly been providing highly efficient electricity and process heat to some of the most vital industries, largest employers, urban centers, and campuses in the United States.” (“Combined Heat and Power Basics”; Office of Energy Efficiency & Renewable Energy-US Department of Energy.) CHP is not only already used as a standard energy production system, the performance factor rates of CHP show efficiency and easy repair benefits inclusive of multi fuel usages and compatible energy user draw change adjustments. A future forward look at CHP gives an indicative rating of stable continued Energy Community integration and positive end user satisfaction.

Buried risk costs of Fossil Fuels, Climate Change, and on-the-job Energy Community injuries plague the Energy Industry with deficit accumulation funding requirements. “The environmental and health costs of onshore and offshore oil and gas drilling are also significant, and often unseen.” (“The Hidden Costs of Fossil Fuels”; REPORTS & MULTIMEDIA / EXPLAINER; August 30, 2016.) Non-renewable resources deplete, and irreversible damages to fossil fuel dependent systems is dangerous to future prosperity and continued wellbeing. Another factor of buried risk costs to the Energy Community is Climate Change with concerns embracing energy generation use “carbon footprints” which threaten risk costs of expensive and expansive global lifestyle changes.  Addressing Climate Change problems is a responsibility the Energy Community is aware of and will have to continue to adapt policies and procedures for best practices to avoid Climate Change negative Energy Community contributions in any foreseeable future forecasting. A third buried risk cost in the Energy Community, on-the-job Energy Community injuries, is globally a cost of working in direct contact with energy system components and in climate sensitive conditions. The insurance/medical premiums, the time-off labor cost, and the manpower reduction affecting efficiencies and response times are all included as offshoot risk costs rising from improper safety measures and inherent on-the-job dangers in the Energy Community. A look at the safety commission OSHA standards current finished reports shows larger companies run higher cost losses from on-the-job injuries than smaller operations.

Natural disasters such as Floods and Hurricanes, Wildfires, Earthquakes, Tornadoes, and Volcanoes cause populated areas the use and convenience of electrical power. Energy Community emergency measure responses are thorough with Hazard Assessments, Capability Analysis decisions, and requirements of business and homeowner Awareness and Action Requests to involve affected area populations in energy production restoration. First Action Response Teams are usually in charge of organizing natural disaster recovery measures. While there is no cure for inclement conditions, practice runs and planning keep the Energy Community functioning at optimum levels for future natural disaster emergency assistance maneuvers. 

Consumer centric energy use markets can be vehicles of change acting from product orientation rather than change in the Energy Community resulting from saleable points generated by energy providers. The idea of “customer first” service has swept the Energy Community into a well organized social response business oriented industry. Some argue the potential of consumer driven energy markets has led to deregulation of the Energy Community replacing private and government utility sanctions with public sector marketing initiatives. As this seems to be a permanent shift in how the Energy Community functions for delivery of renewable energy sourcing performance, trending for the future promises to hold the decision of consumer centric Energy Community initiatives. Beginning with user assessments’ ratings to provide acceptance or resistance to the Energy Community’s direction instead of basing Energy Community developments on energy provider in-house pushes, new ideas and implementations for the Energy Community’s growth and Energy System technology are embraces of the consumer centric views holding the Energy Community’s performance futures. 

Like any permanent industry established, the Energy Community finds its share of technology innovation integration, customer reliance, and public sector politics. In the Energy Community’s future there is a measure of continuity and an element of ingenuity. Fear of elimination from the market takes the form of Energy Community company turnovers instead of product pulls from the Utilities market. Performance in the marketplace is key to any Energy Community company continuing service. Forecasting Energy Community responses to trends and growth according to A concept of net load…proposed for forecasting in a smart community. The proposed approach can build a real-time model…” (A combined forecasting approach with model self-adjustment for renewable generations and energy loads in smart community; YongLiA, ZheWen, YijiaCaoa, YiTana, DenisSidorov, and DaniilPanasetsky; April, 2017.) While such a model shows the statistical data on change, a discussion open to include Energy Community performance futures also includes the ideas above in informed discussions of those leading the way.

Appendix

  1. “Combined Heat and Power Basics”; Office of Energy Efficiency & Renewable Energy-US Department of Energy.
  2. “The Hidden Costs of Fossil Fuels”; REPORTS & MULTIMEDIA / EXPLAINER; August 30, 2016.
  3. A combined forecasting approach with model self-adjustment for renewable generations and energy loads in smart community; YongLiA, ZheWen, YijiaCaoa, YiTana, DenisSidorov, and DaniilPanasetsky; April, 2017.
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