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Besides domestic use, people are harnessing solar power to run small businesses. Entrepreneur Abina Lungu operates a maize-grinding mill in Nyimba, eastern Zambia. With reliable solar energy, he can work well into the night to meet all his customers’ orders. His house, close to the mill, is also lit by solar power. Mr. Lungu is one of the many villagers serviced by the Nyimba Energy Service Company (NESCO), an enterprise funded by the Swedish International Development Agency. To get power into a home or shop, NESCO installs a system that includes a panel, battery, charge controller and power points. The cost is $33.33, including the contract fee. Thereafter, consumers pay a monthly rental fee.
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“We want to move power in an inexpensive way from the grid and into homes and businesses,” Yeng told the BBC. And the subscription service is inexpensive, costing around $80 for the initial installation and $60 for a yearly subscription, compared to between $400 and $800 to be connected to the existing grid. The installation includes wiring a home or business for full power access, and then allows the occupants to buy the subscription for the battery, which connects directly to the newly wired power system.
We flooded the UC with complaints, but that didn’t work because legislators didn’t introduce corrective bills. They didn’t understand — or care — about problems consumers face. We were beaten before we began.
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Source: OECD/IEA NEA 2015, tables 5.1-5.3.In 2013 the Nuclear Energy Institute (NEI) announced the results of its financial modelling of comparative costs in the USA, based on figures from the US EIA’s 2013 Annual Energy Outlook. The NEI assumed 5% cost of debt, 15% return on equity and a 70/30 debt/equity capital structure. The figures are tabulated below. The report went on to show that with nuclear plant licence renewal beyond 60 years, power costs would be $53-60/MWh.NEI 2013 Financial Modelling
Support The hikes would be higher had Mayor Jenny Durkan not recently directed City Light to scale back its projected costs by about $350 million over six years. The mayor ordered the reductions after the City Light Customer Review Panel rang the alarm over what it described as unsustainable spending by the utility.
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Lucy Wolfe Make a Planned Gift Electrifying rural areas poses unique challenges for African governments. Remote and scattered, rural homes, unlike homes in urban areas, are costly and often impractical to connect to the grid. Under the New Partnership for Africa’s Development (NEPAD), countries are seeking innovative alternatives to give rural families efficient means to cook their food and light their homes. Stand-alone sources of energy, such as solar, wind and mini-hydro generators, can help fill the gap.
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Explore our companies The barriers built into Alabama’s energy market are just one example of the political, financial, and regulatory dynamics that can block low- and middle-income households from using rooftop solar power in the Southeast. But this tug-of-war between utility companies, regulators, and solar advocates isn’t just about money.
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If it’s so powerful, cheap, and clean, why don’t we use waves?