Electricity Reserves Similar to Manufacturing Inventory Reserves Reports Forecast Errors Magazine
The Union of Concerned Scientists recently noted that while a variety of facilities generate electricity, the location of these electricity generators – and their distance from end users – varies widely. Certain types of power plants, such as coal and nuclear power plants, have little short-term flexibility in adjusting their electricity output; it takes a long time to ramp up or down their electricity output. Other plants, such as natural-gas fired plants, can be ramped up very quickly, and are...
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