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07:44
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Originally posted by josh888
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Currently the world uses a sheet load of energy. Something like 140,000 terrawatt hours. Close to 100 million barrels of oil equivalent a day, lord knows how much coal etc.
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Count on 5% compound growth in demand. Sweating existing assets like Hazelwood is way to minimize capital cost which in the end is the biggest cost in whatever source of energy you care to analyze. Energy should be a small part of a developed economy's household and business budget. Low reliability is much bigger impact, so I would advocate floating retail price to ensure demand supply is in balance at all times.
