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Energy (society)



 
 
The use of energy has been a key in the development of the human society by helping it to control and adapt to the environment
Natural environment

The natural environment, commonly referred to simply as the environment, is a term that encompasses all life and non-living things occurring nature on Earth or some region thereof....
. Managing the use of energy is inevitable in any functional society. In the industrialized world
Industrialization

Industrialization is the process of social and economic change whereby a human group is transformed from a pre-industrial society into an industry one....
 the development of energy resources has become essential for agriculture
Agriculture

Agriculture refers to the production of food and goods through farming and forestry. Agriculture was the key development that led to the rise of civilization, with the animal husbandry of domestication animals and plants creating food surpluses that enabled the development of more Population density and Social stratification societies....
, transport
Transport

Transport or transportation is the movement of passenger and cargo from one location to another. Transport is performed by various modes of transport, such as aviation, rail transport, road transport, ship transport, cable transport, pipeline transport and space transport....
ation, waste collection
Sewage

Sewage is the mainly liquid waste containing some solids produced by humans which typically consists of washing water, feces, urine, laundry waste and other material which goes down Plumbing fixture from households and industry....
, information technology
Information technology

Information technology , as defined by the Information Technology Association of America , is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT deals with the use of electronic computers and computer software to data conv...
, communications
Telecommunication

Telecommunication is the assisted Transmission of Signal over a distance for the purpose of communication. In earlier times, this may have involved the use of smoke signals, Drum , Semaphore line, flag signals or heliograph....
 that have become prerequisites of a developed society. The increasing use of energy since the Industrial Revolution
Industrial Revolution

The Industrial Revolution was a period in the late 18th and early 19th centuries when major changes in agriculture, manufacturing, production, and transportation had a profound effect on the socioeconomics and cultural conditions in United Kingdom....
 has also brought with it a number of serious problems, some of which, such as global warming
Global warming

Global warming is the increase in the Instrumental temperature record of the Earth's near-surface air and the oceans since the mid-twentieth century and its projected continuation....
, present potentially grave risks to the world.

In society and in the context of humanities
Humanities

The humanities are academic disciplines which study the human condition, using methods that are primarily analytic, critical, or speculative, as distinguished from the mainly empirical approaches of the natural science and social sciences....
, the word energy is used as a synonym of energy resources
List of energy resources

These are modes of energy production, energy storage, or energy conservation, listed alphabetically. Note that not all sources are accepted as legitimate or have been proven to be tappable....
, and most often refers to substances like fuels, petroleum
Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid found in rock formations in the Earth consisting of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds....
 products and electricity
Electricity

Electricity is a general term that encompasses a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena such as lightning and static electricity, but in addition, less familiar concepts such as the electromagnetic field and electromagnetic induction....
 in general.






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The use of energy has been a key in the development of the human society by helping it to control and adapt to the environment
Natural environment

The natural environment, commonly referred to simply as the environment, is a term that encompasses all life and non-living things occurring nature on Earth or some region thereof....
. Managing the use of energy is inevitable in any functional society. In the industrialized world
Industrialization

Industrialization is the process of social and economic change whereby a human group is transformed from a pre-industrial society into an industry one....
 the development of energy resources has become essential for agriculture
Agriculture

Agriculture refers to the production of food and goods through farming and forestry. Agriculture was the key development that led to the rise of civilization, with the animal husbandry of domestication animals and plants creating food surpluses that enabled the development of more Population density and Social stratification societies....
, transport
Transport

Transport or transportation is the movement of passenger and cargo from one location to another. Transport is performed by various modes of transport, such as aviation, rail transport, road transport, ship transport, cable transport, pipeline transport and space transport....
ation, waste collection
Sewage

Sewage is the mainly liquid waste containing some solids produced by humans which typically consists of washing water, feces, urine, laundry waste and other material which goes down Plumbing fixture from households and industry....
, information technology
Information technology

Information technology , as defined by the Information Technology Association of America , is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT deals with the use of electronic computers and computer software to data conv...
, communications
Telecommunication

Telecommunication is the assisted Transmission of Signal over a distance for the purpose of communication. In earlier times, this may have involved the use of smoke signals, Drum , Semaphore line, flag signals or heliograph....
 that have become prerequisites of a developed society. The increasing use of energy since the Industrial Revolution
Industrial Revolution

The Industrial Revolution was a period in the late 18th and early 19th centuries when major changes in agriculture, manufacturing, production, and transportation had a profound effect on the socioeconomics and cultural conditions in United Kingdom....
 has also brought with it a number of serious problems, some of which, such as global warming
Global warming

Global warming is the increase in the Instrumental temperature record of the Earth's near-surface air and the oceans since the mid-twentieth century and its projected continuation....
, present potentially grave risks to the world.

In society and in the context of humanities
Humanities

The humanities are academic disciplines which study the human condition, using methods that are primarily analytic, critical, or speculative, as distinguished from the mainly empirical approaches of the natural science and social sciences....
, the word energy is used as a synonym of energy resources
List of energy resources

These are modes of energy production, energy storage, or energy conservation, listed alphabetically. Note that not all sources are accepted as legitimate or have been proven to be tappable....
, and most often refers to substances like fuels, petroleum
Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid found in rock formations in the Earth consisting of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds....
 products and electricity
Electricity

Electricity is a general term that encompasses a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena such as lightning and static electricity, but in addition, less familiar concepts such as the electromagnetic field and electromagnetic induction....
 in general. These are sources of usable energy, in that they can be easily transformed to other kinds of energy sources that can serve a particular useful purpose. This difference vis a vis energy in natural sciences
Energy

In physics, energy is a scalar physical quantity that describes the amount of Work_ that can be performed by a force. Energy is an attribute of objects and systems that is subject to a conservation law....
 can lead to some confusion, because energy resources are not conserved in nature in the same way as energy is conserved in the context of physics. The actual energy content is always conserved, but when it is converted into heat for example, it usually becomes less useful to society, and thus appears to have been used up.

With reference to the popular phrases: energy crisis
Energy crisis

An energy crisis is any great Bottleneck in the supply of energy resources to an Economics. It usually refers to the shortage of Petroleum and additionally to electricity or other natural resources....
 and the need to conserve energy
Energy conservation

Energy conservation is the practice of decreasing the quantity of energy used. It may be achieved through efficient energy use, in which case energy use is decreased while achieving a similar outcome, or by reduced consumption of energy services....
 the usage of the term energy can be viewed to be in contradiction with the Law of conservation of energy
Conservation of energy

The law of conservation of energy states that the total amount of energy in an isolated system remains constant. A consequence of this law is that energy cannot be created or destroyed....
 in natural sciences. Energy conservation
Energy conservation

Energy conservation is the practice of decreasing the quantity of energy used. It may be achieved through efficient energy use, in which case energy use is decreased while achieving a similar outcome, or by reduced consumption of energy services....
 practices are demand side efforts targeted at conserving available energy resources.

Economics

Energy Per Capita
Production
Energy development

Energy development is the ongoing effort to provide sufficient primary energy sources and secondary energy forms to fulfill civilization's needs....
 and consumption
Energy consumption

Energy consumption is the consumption of energy or Power . It is covered in the following articles and categories:* World energy resources and consumption...
 of energy resources is very important to the global economy. All economic activity requires energy resources, whether to manufacture
Manufacturing

Manufacturing is the use of machine, tool and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to Industry production, in which raw material are transformed into finished good on a large scale....
 goods, provide transport
Transport

Transport or transportation is the movement of passenger and cargo from one location to another. Transport is performed by various modes of transport, such as aviation, rail transport, road transport, ship transport, cable transport, pipeline transport and space transport....
ation, run computer
Computer

A computer is a machine that manipulates Data according to a list of Code .The first devices that resemble modern computers date to the mid-20th century , although the computer concept and various machines similar to computers existed earlier....
s and other machine
Machine

A machine is any device that uses energy to perform some activity. In common usage, the meaning is that of a device having parts that perform or assist in performing any type of work....
s.

Energy crisis - the statistics


The citizens of the United States first became aware of an energy crisis in October 1973, when OPEC
OPEC

The Organization of Petroleum Exporting Countries is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela....
, the Organization of Petroleum Exporting Countries, embargoed exports of oil to the US , producing gas station lines that sometimes went on for miles and hoisting the price of oil from $3 to $11 per barrel by January, 1974. In response, President Richard Nixon
Richard Nixon

Richard Milhous Nixon was the List of Presidents of the United States President of the United States and the only president to resign the office....
 called for "Project Independence." In Nixon's words, "At the end of this decade, in the year 1980, the United States will not be dependent on any other country for the energy we need to provide our jobs, to heat our homes, and to keep our transportation moving." In 1977, President Jimmy Carter called the crusade for energy independence, "the moral equivalent of war" and put it high on the nation's priority list. The crusade for energy independence was stopped when the administration of President Ronald Reagan pulled the plug on funding for alternative energy research and development in the 1980s. But the phrase "energy independence" has hung in as part of the American vocabulary.

New fears of energy crises have arisen thanks to the concept of peak oil
Peak oil

Peak oil is the point in time when the maximum rate of global petroleum Extraction of petroleum is reached, after which the rate of production enters terminal decline....
 and a new recognition in 2007 that China and India wanted the standard of living that had previously been the sole province of North Americans, Europeans and the Japanese. To achieve that standard would take the development of renewable wind, solar and geothermal sources. Some say that each of these renewable energy sources is individually capable of supplying all of earth's energy needs. Others say that these terrestrial energy resources are limited and that our long term energy needs will be served best by a broad portfolio of energy options, including solar energy harvested from the nearly infinite supplies in space. The space approach is called space solar power
Space solar power

Space-based solar power is a theoretical design for the collection of solar power in space, for use on Earth. SBSP differs from the usual method of solar power collection in that the solar panels used to collect the energy would reside on a satellite in geosynchronous orbit, often referred to as a solar power satellite , rather than...
 and is advocated by groups like the National Space Society
National Space Society

The National Space Society is an international nonprofit 501, educational, and scientific organization specializing in space advocacy. NSS is a member of the Independent Charities of America, and an annual participant in the Combined Federal Campaign....
, the National Space Foundation, the Foundation for the Future
Foundation For the Future

The mission of the Foundation For the Future is to increase and diffuse knowledge concerning the long-term future of humanity. It conducts a broad range of programs and activities to promote an understanding of the factors that may have an impact on human life in the long term....
 and the Space Development Steering Committee
Space Development Steering Committee

The Space Development Steering Committee, founded in 2006, includes the second astronaut on the moon, Buzz Aldrin, the sixth astronaut on the moon, Edgar Mitchell, the Chief of the Future Science and Technology Exploration Branch of the US Air Force, Peter Garretson, the National Science Foundation Program Director for Control, Networks & Computat...
.

Space solar power advocates point out that wind and solar are intermittent and require hydrostorage or other replacement when they are not available. Terrestrial solar power and wind farms take large amounts of space. Real estate on earth is limited, say the Space Solar Power advocates. Eventually the needs for land for these projects will clash with the interests of conservationists intent on keeping desert ecosystems and coastal views intact. Terrestrial solar energy--earth-based solar energy--suffers another disadvantage. It is shut down completely overnight, requiring additional means to store energy for that time.

Space solar power, say the SSP advocates, is available 24/7. The solar energy that falls on a square millimeter of collection apparatus in space has six times the energy it has if collected on the earth's surface. Space solar power does not require an expensive terrestrial distribution infrastructure. It can be beamed to any location in which a receiving apparatus, a rectenna
Rectenna

A rectenna is a rectifying antenna, a special type of antenna that is used to directly convert microwave energy into direct current electricity....
, is built. This is an advantage for newly-electrifying rural areas in countries like China and India. But, most important, the energy available above our atmosphere meets the needs for an increased quality of life worldwide by virtue of the fact that it is potentially endless.

Environment

Consumption of energy resources, (e.g. turning on a light) requires resources and contributes to air and water pollution. Many electric power plants burn coal, oil or natural gas in order to generate electricity for energy needs. While burning these fossil fuels produces a readily available and instantaneous supply of electricity, it also generates air pollutants including carbon dioxide (CO2), sulfur dioxide and trioxide (SOx) and nitrogen oxides (NOx). Carbon dioxide is an important greenhouse gas
Greenhouse gas

Greenhouse gases are gases in an atmosphere that Absorption and Emission radiation within the Infrared#Different regions in the infrared range....
 which is thought to be responsible for some fraction of the rapid increase in global warming
Global warming

Global warming is the increase in the Instrumental temperature record of the Earth's near-surface air and the oceans since the mid-twentieth century and its projected continuation....
 seen especially in the temperature records in the 19th century, as compared with tens of thousands of years worth of temperature records which can be read from ice cores taken in Arctic regions.

Burning fossil fuels for electricity generation also releases trace metals such as beryllium, cadmium, chromium, copper, manganese, mercury, nickel, and silver into the environment, which also act as pollutants. Certain renewable energy
Renewable energy

Renewable energy is energy generated from natural resources—such as sunlight, wind, rain, tidal energy and geothermal energy—which are Renewable resource ....
 technologies do not pollute the environment in the same ways, and therefore can help contribute to a cleaner energy future for the world. Renewable energy technologies available for electricity production include biofuels, solar power
Solar power

Solar energy is the radiant light and heat from the Sun that has been harnessed by humans since ancient history using a range of ever-evolving technologies....
, tidal power
Tidal power

Tidal power, sometimes called tidal energy, is a form of hydropower that converts the energy of tides into electricity or other useful forms of power....
, wind turbines, hydroelectric power etc. However, serious environmental concerns
Environmental concerns with electricity generation

Modern technology uses large amounts of electrical power. This is normally electricity generation at power plants which convert some other kind of energy into electrical power....
 have been articulated by several environmental activists
Environmentalism

Environmentalism is a broad philosophy and social movement centered on a concern for the Conservation movement and improvement of the environment ....
 regarding some of these modes of electricity generation. According to them, some pollution is invariably produced during the manufacture and retirement of the materials associated with the machinery used in these technologies. There is, however, general agreement that the most effective way to save the environment from expanding energy production is energy conservation
Energy conservation

Energy conservation is the practice of decreasing the quantity of energy used. It may be achieved through efficient energy use, in which case energy use is decreased while achieving a similar outcome, or by reduced consumption of energy services....
.

Exploration and research


Scientists have realized that the known energy resources may not suffice forever, there is thus an urgent need to explore new avenues, which include prospecting for newer territories rich in oil or gas or methods for producing energy resources using methods that have been explored very little. While some scientists are busy in exploring the possibility of cold fusion
Cold fusion

Cold fusion refers to nuclear fusion which occurs without the extremely high temperatures required for thermonuclear fusion – for example, muon-catalysed fusion....
 many countries are diverting significant economic resources towards space exploration
Space exploration

Space exploration is the use of astronomy and space technology to explore outer space. Physical exploration of space is conducted both by human spaceflights and by robotic spacecraft....
 . Space exploration of long duration demands compact energy resources because the huge consumption of energy resources by a large size spacecraft cannot be met by chemical portable energy resources carried on board from the Earth. For missions to the outer solar system, compact nuclear power sources (in the form of nuclear reactors or radioisotope thermoelectric generators) are a necessity. It has been proposed to explore annihilation
Annihilation

Annihilation is defined as "total destruction" or "complete obliteration" of an object; having its root in the Latin nihil . A literal translation is "to make into nothing"....
 of matter for this purpose, although no practical way of producing significant amounts of antimatter, or storing them is presently known (these systems are not new ways of generating energy, only ways of storing it). Yet another field of research to store energy in a new way is through artificial photosynthesis
Artificial photosynthesis

Artificial photosynthesis is a research field that attempts to replicate the natural process of photosynthesis, converting sunlight, water and carbon dioxide into carbohydrates and oxygen....
, a process being actively researched to convert the carbon dioxide into useful fuel, other than biomass without the intervention of plants. However, artificial photosynthesis
Artificial photosynthesis

Artificial photosynthesis is a research field that attempts to replicate the natural process of photosynthesis, converting sunlight, water and carbon dioxide into carbohydrates and oxygen....
 is also not a new energy source, but is ultimately simply another application of solar energy--- one which uses the energy of sunlight to do chemistry directly.

Management


Since the cost of energy has become a significant factor in the performance of economy of societies, management of energy resources has become very crucial. Energy management involves utilizing the available energy resources more effectively that is with minimum incremental costs. Many times it is possible to save expenditure on energy without incorporating fresh technology
Technology

Technology is a broad concept that deals with an animal species' usage and knowledge of tools and crafts, and how it affects an animal species' ability to control and adapt to its Natural environment....
 by simple management
Management

Management in business and human organization activity is simply the act of getting people together to accomplish desired goals. Management comprises planning, organizing, staffing, leadership or directing, and Control an organization or effort for the purpose of accomplishing a goal....
 techniques. Most often energy management is the practice of using energy more efficiently by eliminating energy wastage or to balance justifiable energy demand with appropriate energy supply. The process couples energy awareness with energy conservation
Energy conservation

Energy conservation is the practice of decreasing the quantity of energy used. It may be achieved through efficient energy use, in which case energy use is decreased while achieving a similar outcome, or by reduced consumption of energy services....
.

Politics


Since energy plays an essential role in industrial societies
Industrial society

In sociology, industrial society refers to a society with a modernity societal structure. Such a structure developed in the west in the period of time following the industrial revolution....
, the ownership and control of energy resources plays an increasing role in politics
Politics

Politics is the process by which groups of people make decisions. The term is generally applied to behaviour within civil governments, but politics has been observed in all human group interactions, including corporation, academia, and religion institutions....
. At the national level, governments seek to influence the sharing (distribution) of energy resources among various sections of the society through pricing mechanisms; or even who owns resources within their borders. They may also seek to influence the use of energy by individuals and business in an attempt to tackle environmental issues.

The most recent international political controversy regarding energy resources is in the context of the Iraq war
Iraq War

The Iraq War, also known as the Second Gulf War, the Occupation of Iraq, and Operation Iraqi Freedom, is an ongoing conflicts military campaign which began on March 20, 2003 with the 2003 invasion of Iraq by a Multinational force in Iraq now led by and composed almost entirely of troops from the United States and United King...
s. Some political analysts maintain that the hidden reason for both 1991 and 2003 wars can be traced to strategic
Strategy

A strategy is a plan of action designed to achieve a particular Objective .Strategy is different from Tactic . In military terms, tactics is concerned with the conduct of an engagement while strategy is concerned with how different engagements are linked....
 control of international energy resources. Others counter this analysis with the numbers related to its economics. According to the latter group of analysts, U.S. has spent about $336 billion in Iraq as compared with a background current value of $25 billion per year budget for the entire U.S. oil import dependence See Energy wars

Production


Producing energy to sustain human needs is an essential social activity, and a great deal of effort goes into the activity. While most of such effort is limited towards increasing the production of electricity and oil
Oil exploration

Hydrocarbon exploration is the search by petroleum geologists for hydrocarbon deposits beneath the Earth#Crust, such as Petrolium and Natural gas....
, newer ways of producing usable energy resources from the available energy resources are being explored. One such effort is to explore means of producing hydrogen fuel
Hydrogen fuel

Hydrogen fuel refers to use of hydrogen for its combustive qualities as a fuel and energy carrier. The hydrogen must first be broken out from its compound form with oxygen as water using electolysis or gathered by other means as it does not naturally occur by itself....
 from water. Though hydrogen use is environmentally friendly, its production requires energy and existing technologies to make it, are not very efficient. Research is underway to explore enzymatic decomposition of biomass..

Other forms of conventional energy resources are also being used in new ways. Coal gasification and liquefaction
Coal

Coal is a readily combustion black or brownish-black sedimentary rock. The harder forms, such as anthracite, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure....
 are recent technologies that are becoming attractive after the realization that oil reserves
Oil reserves

Oil reserves are the estimated quantities of crude oil that are claimed to be recoverable under existing economic and business operations conditions....
, at present consumption rates, may be rather short lived. See alternative fuels.

Transportation


All societies require materials and food to be transported over distances, generally against some force of friction. Since application of force over distance requires the presence of a source of usable energy, such sources are of great worth in society.

While energy resources are an essential ingredient for all modes of transportation in society, the transportation of energy resources is becoming equally important. Energy resources are invariably located far from the place where they are consumed. Therefore their transportation is always in question. Some energy resources like liquid or gaseous fuels are transported using tankers or pipelines
Pipeline transport

Pipeline transport is the transportation of goods through a Pipe . Most commonly, liquid and gases are sent, but pneumatic tubes that transport solid capsules using compressed air have also been used....
, while electricity transportation invariably requires a network of grid cables. The transportation of energy, whether by tanker, pipeline, or transmission line, poses challenges for scientists and engineers, policy makers, and economists to make it more risk-free and efficient.

Usage


Ever since humanity discovered various energy resources available in nature, it has been inventing devices, known as machines, that make life more comfortable by using energy resources. Thus, although the primitive man knew the utility of fire to cook food, the invention of devices like gas burners and microwave ovens has increased the usage of energy for this purpose alone manifold. The trend is the same in any other field of social activity, be it construction
Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
 of social infrastructure, manufacturing of fabrics for covering; porting; printing
Printing

Printing is a process for reproducing text and image, typically with ink on paper using a printing press. It is often carried out as a large-scale industrial process, and is an essential part of publishing and transaction printing....
; decorating, for example textiles, air conditioning
Air conditioning

An air conditioner is an appliance, system, or Mechanism designed to extract heat from an area via a refrigeration cycle. In construction, a complete system of heating, Ventilation , and air conditioning is referred to as "HVAC." Its purpose, in a building or an automobile, is to provide comfort during either hot or cold...
; communication
Communication

Communication is commonly defined as "the imparting or interchange of thoughts, opinions, or information by speech, writing, or signs...",, 1: an act or instance of transmitting and 3 a: "a process by which information is exchanged between individuals through a common system of symbols, signs, or beha...
 of information or for moving people and goods (automobiles).

See also

Category:Energy
  • Alternative energy resources
    Alternative energy

    Alternative energy is an umbrella term that refers to any source of usable energy intended to replace fuel sources without the undesired consequences of the replaced fuels....
  • Energy conservation
    Energy conservation

    Energy conservation is the practice of decreasing the quantity of energy used. It may be achieved through efficient energy use, in which case energy use is decreased while achieving a similar outcome, or by reduced consumption of energy services....
  • Energy audit
    Energy audit

    An energy audit is an inspection, survey and analysis of energy flows in a building, process or system with the objective of understanding the energy dynamics of the system under study....
  • Energy Industry
    Energy industry

    The energy industry is a generic term for all of the industry involved the production and sale of energy, including fuel extraction, manufacturing, oil refinery and distribution....
  • Gaia hypothesis
    Gaia hypothesis

    The Gaia hypothesis is an ecology hypothesis proposing that the biosphere and the physical components of the Earth are closely integrated to form a complex system that maintains the climate and biogeochemistry conditions on Earth in a preferred homeostasis....
  • List of countries by energy consumption per capita
    List of countries by energy consumption per capita

    This is a list of countries by total world energy resources and consumption per capita, as published by the World Resources Institute for the year 2003....
  • List of energy resources
    List of energy resources

    These are modes of energy production, energy storage, or energy conservation, listed alphabetically. Note that not all sources are accepted as legitimate or have been proven to be tappable....
  • Energy policy
    Energy policy

    Energy policy is the manner in which a given entity has decided to address issues of energy development including energy production, Resource distribution and Consumption ....
  • World energy resources and consumption
    World energy resources and consumption

    In order to directly compare world energy resources and consumption of energy, this article uses International System of Units units and prefixes and measures energy rate in watts and Energy in joules ....
  • Energy development
    Energy development

    Energy development is the ongoing effort to provide sufficient primary energy sources and secondary energy forms to fulfill civilization's needs....
     definition
  • Levelised energy cost
    Levelised energy cost

    Levelised energy cost is a cost of generating energy for a particular system. It is an economic assessment of the cost the energy-generating system including all the costs over its lifetime: initial investment, operations and maintenance, cost of fuel, cost of capital....


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