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Global Issues >> Overview>>Benefits of GENI

Benefits of GENI

Economic Economic

Linking inter-regional energy grids:

  • Connects nations into a common economic framework (economies of scale).

  • Avoided costs:

    • Reduces demand for fossil fuels, extending the life of our global oil supply and other non-renewable fuels.

    • Reduces the cost of additional capital investments for generation equipment and its maintenance.

    • Reduces the cost of additional capital investments for transmission facilities and its maintenance.

  • Provides new markets for electricity sales for areas with excess capacity.

  • Allows for purchase of cheaper power from neighbor utilities, saving utilities money, and increasing investors' returns.

  • Brings needed income to developing nations, for development and debt repayment, through the export of excess renewable energy.

  • Allows cheaper power to be delivered from distant locations, often displacing imported, expensive fossil fuels (it is less expensive to move electrons than fuel).

  • Offers mutually beneficial projects where military-industrial corporations can be converted to civilian initiatives while maintaining full employment.

Environmental Environmental

Extending grid systems:

  • Reduces the need for thermal generation (coal, oil, gas).

  • Reduces pollution caused by burning fossil fuels (greenhouse and acid rain gases).

  • Means utilities will eventually only run their most efficient and economical generators.

  • Makes available cheaper renewable energy from sources thousands of miles away, displacing polluting fossil fuels.

  • Makes electricity an export commodity for developing nations - replacing the cutting and selling of trees, reducing the loss of topsoil and rainforests, and slowing the spread of deserts.

International Trade and Cooperation International Trade and Cooperation

Expanding electric energy networks:

  • Connects neighboring nations into a continuous trading relationship, helping to minimize reasons for local/regional conflicts.

  • Provides instantaneous electricity to all connected nations - benefiting the economies of first world nations and supporting the economies of developing countries.

  • Allows electricity flow from areas of excess capacity to areas of demand - a situation that is constantly changing on our rotating planet.

  • Connects old enemies and developing world economies. Trading partners rarely go to war; it's not good business to shoot your supplier or customer.

  • Increases reliability and quality of power for connected nations and regions.

  • Indirectly stimulates national and local economies by improving quality of health care and education, and providing opportunities for "re-spending"of newly created disposable funds otherwise spent on higher energy costs.

  • Increased experience and political comfort with international cooperation and negotiations.

Hunger and Overpopulation Hunger & Overpopulation

Nations with enough energy for societal needs have a steady population - a condition predicted for third world countries when adequate energy becomes available.

Adequate energy and electricity:

  • Provides the infrastructure for a clean water supply (pump, filter, and purify), refrigeration, and essential medicine (childhood vaccines).

  • Supports all elements of the food delivery system: irrigation, transport, manufacturing and packaging, refrigeration, and waste recycling/reuse/disposal.

  • Creates a proportionate reduction in infant mortality rates and, subsequently, in birth rates. Hunger no longer is a society-wide issue. Large families are no longer needed as a means of social security.

  • Utility and Operator Efficiency

While all transmission lines must first be justified economically, many additional benefits exist for grid system management and reliability:
  • Load sharing between utilities

  • Emergency back-up of power from neighboring utilities

  • Peak power savings through daytime power exchange

  • Deferral of additional capacity requirements

  • Increased system reliability

  • Improved frequency and voltage control

  • Ability to retire older environmentally unsound generation.