Addressing Energy-Efficiency with Virtual Power Plants
Liang, Jeffrey; Wong, Siew Fing; Yang, Hongliang | September 2009
Abstract
Halfway through the implementation of the People’s Republic of China’s 11th Five-Year Plan (2006-2010), the government of Guangdong and other provinces such as Hebei, Jiangsu, and Shandong are building virtual “efficiency power plants” (EPPs). This is to deliver energy-efficiency targets and at the same time satisfy growing energy demand and promote stable economic growth. EPP is a concept that allows aggregated savings in energy on a par with the productivity of a physical power plant. An EPP is a bundle of investments in energy-savings technologies such that the magnitude of the energy saved obviates the need to install new power generation of equivalent capacity. It is virtual because it does not exist physically. It exists instead in the guise of the energy saved. Unlike conventional coal-fired power plants, an EPP burns no fuel, emits no pollution, involves no land acquisition, and costs much less.
Citation
Liang, Jeffrey; Wong, Siew Fing; Yang, Hongliang. 2009. Addressing Energy-Efficiency with Virtual Power Plants. © Asian Development Bank. http://hdl.handle.net/11540/2780. License: CC BY 3.0 IGO.Keywords
Commercial Energy
Energy Economics
Energy Technology
Household Energy Consumption
Industrial Energy Consumption
Primary Energy
Results-Based Monitoring And Evaluation
Project Evaluation & Review Technique
Evaluation Techniques
Evaluation Methods
Evaluation Criteria
Domestic Energy
Energy Demand
Energy Prices
Energy Pricing Policy
Energy Supply
Primary Energy Supply
Development Indicators
Social Participation
Low Income Groups
Income Generation
Newly Industrializing Countries
Input output analysis
Cost benefit analysis
Needs assessment
Economic evaluation
Energy Industries
Electric power
Energy development
Power supply
Electric power consumption
Price
Consumer
Consumption
Supply and demand
Electric power plant
Power
Energy consumption
Risk assessment
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