Economic potential definition
Economic potential means the energy and capacity savings that result in future years when measures are adopted or applied by customers at the time it is economical to do so. For purposes of this chapter, economic potential may be determined by comparing the utility’s avoided cost savings to the incremental cost of the measure.
Economic potential means the reduction in energy usage or peak demand that would result if all electricity consumers adopted the most efficient, cost-effective commercially available energy efficiency measures. Economic potential is a subset of technical potential.
Economic potential means the reduction in energy usage or peak demand that would result if all homes and businesses adopted the most efficient and cost-effective measures. Economic potential is a subset of the "technical potential."
Examples of Economic potential in a sentence
The Seeker will evaluate the proposal using the following criteria: • Overall scientific and technical feasibility of the proposed solution; • Economic potential of concept (e.g. Total Cost of Ownership); • Business potential for the Seeker; • Novelty and non- obviousness; • Potential for proprietary position (i.e., is the technology novel or protectable); • User’s capabilities and related experience; • Realism of the proposed solution; • Maturity level of the proposal.
Name of the River Economic potential, Billion kWh / year Share of economic resources % 1 Chomakhidze, D., Chomakhidze, K., Chomakhidze, I., "Peculiarities and Principles of Energy Management", Tbilisi-2020.