The International Electrotechnical Commission is an international standards organization that prepares and publishes international standards for all electrical, electronic and related technologies – collectively known as "electrotechnology". IEC standards cover a vast range of technologies from power generation, transmission and distribution to home appliances and office equipment, semiconductors, fibre optics, batteries, solar energy, nanotechnology and marine energy as well as many others. The IEC also manages four global conformity assessment systems that certify whether equipment, system or components conform to its international standards.
In economic terms, electricity is a commodity capable of being bought, sold, and traded. An electricity market, also power exchange or PX, is a system enabling purchases, through bids to buy; sales, through offers to sell. Bids and offers use supply and demand principles to set the price. Long-term contracts are similar to power purchase agreements and generally considered private bi-lateral transactions between counterparties.
The General Electric LM2500 is an industrial and marine gas turbine produced by GE Aviation. The LM2500 is a derivative of the General Electric CF6 aircraft engine.
The Western Bloc, also known as the Free Bloc, Capitalist Bloc and the American Bloc, was a coalition of the countries that were allied with the United States, a member of NATO, opposed the Soviet Union and Warsaw Pact, and advocated anti-communism during the Cold War 1947-1991. The latter were referred to as the Eastern Bloc. The governments and the press of the Western Bloc were more inclined to refer to themselves as the Free World or the First World, whereas the Eastern Bloc was often called the "Communist World" or "Second World".
The industry minister is a cabinet position in a government.
This timeline outlines the key developments in the United Kingdom electricity industry from the start of electricity supplies in the 1870s to the present day. It identifies significant developments in technology for the generation, transmission and use of electricity; outlines developments in the structure of the industry including key organisations and facilities; and records the legislation and regulations that have governed the UK electricity industry.
Electric energy consumption is the form of energy consumption that uses electric energy. Electric energy consumption is the actual energy demand made on existing electricity supply for transportation, residential, industrial, commercial, and other miscellaneous purposes.
Korea Electric Power Corporation, better known as KEPCO or Hanjeon, is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 93% of Korea's electricity generation as of 2011. The South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating.
Energy laws govern the use and taxation of energy, both renewable and non-renewable. These laws are the primary authorities related to energy. In contrast, energy policy refers to the policy and politics of energy.