Power Transmission Of Electric Utilities

Using the data and your knowledge of economics assess the arguments for and against the government intervening in the UK electricity industry.

In 2007, Canada’s industries saved 2.1 billion U.S. dollars of energy costs (2007). All these numbers show Canada’s efforts in general public utilities.

What makes electric utilities (Con Edison) monopolistic and why? Support your answer by referring to AT LEAST 2 FORCES outlined in MICHEAL PORTER’S Five Forces of Analysis

Macro environment is crucial to the development of a company. All the external factors can have huge positive or negative influences on Travis Perkins plc, therefore a better understanding of the environment of the company is of supreme significance (Peng & Nunes, 2007). Among all the analysis tools, PEST analysis is one of the most effective tools to analyze the external environment of a company (Riley, 2012). This part will demonstrate PESTLE analysis of Travis Perkins plc below. The result of PESTLE analysis can be demonstrated in the following table 1.

When conducting an analysis of external environment, PESTEL model is a helpful tool to analyze and assess the external factors (political, economic, social and technological, environmental, and legal) that impact the company’s strategy and operations (Jurevicius, 2013). Below is Raytheon’s PESTEL analysis. See Appendix A for a full list of external contributing factors affecting A&D industry.

Each of these stakeholders is affected by the action of business because each group has an interest in the type of decision that the business managers takes. To conduct the analysis of Asda external environment, pestle analysis will be used.

Macro environment comprises external forces that organisation cannot directly control, instead organisation need to manage their macro environment in a way that benefits them ("The Macro Environment & Pest Analysis", 2016). The PESTLE analysis is the most widely recognized approach for considering the external business environment (Gupta, 2013). PESTLE analysis stands for Political, Economic, Social, and Technological, Legal and environmental analysis and describe a framework of macro environmental factors utilized as a part of the environmental scanning component of strategic management. Generally, all the PESTLE factors might not important for all types of industry its depends up industry nature or size. This PESTLE analysis is based on Accor Hotels in Australia which is a famous and globally recognise hospitality brand.

According to the case study written by Jurek, Bras, Guldberg, D’Arcy, Oh, and Biller, energy costs were steadily rising and were predicted to continue this trend going into the future. At the same time, utility companies were beginning to implement Smart Grid technologies to increase the efficiency of energy distribution. One resulting program to emerge from

The PESTLE analysis can be used to assess the strategic relevance of the six principal components of the macro-environmental: political, economic, social, technological, environmental, and legal forces. It can be used as a tool by companies to better understand of the macro- environment they are operating in.

Presently, Ontario has one of the highest electricity costs in North America (Hydro Quebec, 2016). This trend started when the government decided to transition into a modern, smart, and stable network. To achieve this, more generating plants were built to deliver more high-quality electricity to consumers. Following these changes, there was a shift towards using green energy, which involved development of solar panels and wind systems. Of course, these initiatives were based on anticipated load on the system which was expected to rise as per long-term planning. Following the recession in 2008, the industry was not as hot as it was forecasted, leading to decreased demand for electricity. Therefore, there were many contracts and projects that were in the process of approval and were voided by the government in response to the recession. Despite this, the

PESTEL analysis is to identify and analyze the strategy and business environment, it is stand for Political, Economic, Social, Technological, Legal, and Environmental factors. This model is to assessing the current environment and potential changes. If

External analysis of general environment will be done using PESTEL which refers to how the political, economic, social, technological, environmental and legal environment affects an organization. Below will be a diagram of PESTEL, followed by a brief explanation of each factor and their examples.

The electricity market will be analyzed taking electricity retailers in the state of Victoria as players. The key buyers will be taken as industrial, commercial and individual consumers. The key suppliers will be taken as Electricity generators, generating electricity from conventional and unconventional sources of energy.

With this in mind, the PESTEL model was developed to give researchers and practitioners a framework in which to consider the broader business environment. PESTEL stands for Political, Economic, Social, Technological, Environmental and Legal. Furthermore, a PESTEL analysis is a technique that evaluates the potential impact of political, economic, social, technological, environmental, legal factors on an organization. This set of factors represents a broad set of industry and environmental considerations that any organization should make when designing strategic goals

The iterative techniques are used to solve the power flow equations such as Gauss-Seidel, Newton-Raphson and Decoupled Newton-Raphson methods. Each method has its equations and principle to reach the solution. The difference between them appeared in which method is more accurate and fast to get the results.