Electricity is one of the most common type of energy used for both domestic and industrial applications. The cost of electricity entirely depend on how it’s generated. The higher the cost of production, the more the end user will pay for it. Electricity can be generated through very many ways. It can be generated by solar panels, windmills and turbine amongst others. Other than this, transmission and distributions may also determine the cost of electricity. But how can one get cheap electricity? It one question which most scientist have doing a lot of research on over the last few decades which also led to production of electricity via radioactive elements.
Any of these methods can be used to generate electricity either in large scale or small scale however, before one decides to settle on any of these methods, it is important to evaluate whether the necessary resources are available. The use of solar panels is one of the most common methods of generating cheap electricity for both industrial and domestic applications. It is an ecofriendly method to generate electricity. For instance, it has been used broadly in water heaters. It installation is simple. It must be placed where it can receive enough sunlight to generate sufficient amount of energy.
All one needs to do is to buy a solar panel with the recommended rating as per his or her electricity demands and he or she will be set to go.
Wind can also be used to provide cheap energy. However, it’s a little costly as compared to solar panels. Installation of windmills is normally expensive besides, windmills must also be installed in regions where there is no obstruction and there is sufficient movement of air to turn the blades.
Radioactive elements have also been used more so in developed countries to provide cheap form of an electrical energy. It is far much cheaper than the hydroelectricity.
Despite the method used to generate electricity, there are a number of factors most companies which distribute electricity do consider to fix their rates. And as a matter of fact, a region can be supplied with electricity say from hydropower or a nuclear plant however, the rates may be totally different.
All these methods have their own advantages and limitations. For instance, if radioactive elements are not properly disposed, they are known to harm living organisms. On the other hand, solar panels can only be effective where there’s sufficient sunlight while windmills cannot be used where there’s obstructions. It is prudent to have all these in mind.