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Economics Research paper The future Saskatchewan energy system

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Economics Research paper The future Saskatchewan energy system

As Bhattacharyya states in the text’s introduction “Energy plays a crucial role in our life, allowing us to perform our daily routines and to undertake economic, social and developmental activities. In fact, we are so dependent on energy that it is hard to imagine a modern living condition without affordable, reliable and adequate supply of energy”. Without putting too fine a point on it: our energy system is important.

But it has to do more than just “a system”. In order to allow us to perform our daily routines it needs to a system that balances being: safe, secure, and reliable. While at the same time minimizing its environmental impact, all at the lowest cost possible. Yes, there will be trade-offs.

This is made clear in Nova Scotia’s electricity plan Our Energy Future 2015-2040:
In choosing a technology for electricity production today, governments must balance a variety of factors such as citizens’ satisfaction, economic outcome and environmental impact. These key issues must be evaluated in the selection of appropriate energy generation technologies, and must all be weighed against the positives and negatives of each technology option based on the individual country goals and desires…

…In choosing a technology for electricity production today, governments must balance a variety of factors such as citizens’ satisfaction, economic outcome and environmental impact. These key issues must be evaluated in the selection of appropriate energy generation technologies, and must all be weighed against the positives and negatives of each technology option based on the individual country goals and desires…

…In the next decade and beyond, more and more energy – including for heat and transportation – is expected to come from clean electricity. Nova Scotians want an environmentally responsible energy future, with stable power rates in an accountable and transparent electrical system. They support innovation, but not at any price.

Given this, your paper will propose an energy system for Saskatchewan in 2040, that balances safety, reliability, security, environmental and cost considerations as you see them. You are not constrained by the current system, that is its current energy mix and ownership, but you are constrained by technology and other realities. In other words, you do have to meet whatever you think future demand with realistic technologies. So, saying that you will meet forecasted demand with wind technology isn’t realistic in that it probably won’t meet reliability objectives. Not to mention that there may not be sufficient wind capacity in the province.

This is an Economic research paper not engineer paper. So please be more focus on the Economic concept. Especially for the concept of demand and supply.

Thanks

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