In 1985, the price of tin crashed on the London metal exchange, resulting in the unplanned closure of most tin mines throughout the world. It had particularly devastating outcomes for the small-scale miners of the New England region in New South Wales. Virtually all mines ceased operations, ...
The major driver of the renewable business model is the energy price structure of the consumer and the mini-grid operator. Therefore, if the cost of power is too high, the user cannot afford it, and if it is too cheap, the project's financial viability is jeopardized [55,123]. For ...
Capital value of energy equipment camp i type j:capitalvalueij=∑pkl×usefulenergydemandkusefulenergydemandjtotalwhere pkl is the price of stove for burning fuel k at tier l, usefulenergydemandk is the useful energy demand of fuel k, and usefulenergydemandjtotal is total useful energy demand...
The high dependence forces China to receive high crude oil price [6], increased production costs [7], and imbalance of international payment [8]. However, the influences are not limited in economic activities, but also bring crude oil supply risk, which threatens national security and requires ...
When a country is completely dependent on an energy source, any change in the price, supply, or access to that source can have an enormous impact on the country's economy and energy security. If this sole source is threatened, for example, due to price fluctuations, reduced production, or...