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Return to Energy Systems and Sustainability 3e Student Resources
Chapter 12 Multiple choice questions
Quiz Content
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Energy prices in different countries are described in Section 12.2. Why are petrol prices higher in most European countries than in the USA?
The oil comes from more expensive sources.
correct
incorrect
The refining standards are higher.
correct
incorrect
It is more highly taxed.
correct
incorrect
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Section 12.3 describes inflation, 'real' prices, and affordability. What is inflation? Is it:
The taxation on a notional basket of goods
correct
incorrect
The rate of change of the retail price index
correct
incorrect
The 10-year average of the retail price index
correct
incorrect
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In 2019, what proportion of an average UK household's expenditure went on domestic energy?
8%
correct
incorrect
6%
correct
incorrect
4%
correct
incorrect
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Section 12.4 describes investing in energy including different types of electricity generation. Which of these types of generation plant has the lowest operation and maintenance (O & M) costs per kilowatt hour of electricity generated?
Onshore wind turbine
correct
incorrect
Nuclear pressurized water reactor
correct
incorrect
Combined cycle gas turbine
correct
incorrect
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Box 12.5 and its surrounding text discusses the annuitization of capital costs and the repayment of loans. How much annually would have to be repaid on a loan of £10 million at a discount rate of 8% over a period of 20 years?
£102,000 per year
correct
incorrect
£117,000 per year
correct
incorrect
£1.02 million per year
correct
incorrect
£1.17 million per year
correct
incorrect
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Box 12.7 describes investment in a possible future nuclear power station. The chosen discount rate has a significant effect on its calculated electricity cost. The quoted figure at a discount rate of 8.9% is 9.5 pence per kilowatt hour. What would it be if the discount rate was reduced to 5%?
5 pence per kilowatt hour
correct
incorrect
6 pence per kilowatt hour
correct
incorrect
7 pence per kilowatt hour
correct
incorrect
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Section 12.4 also describes perceived risk in investments. The estimated minimum discount rate to obtain a pre-tax profit on a particular project is described as what?
A hurdle rate
correct
incorrect
The investment barrier
correct
incorrect
A financial standard
correct
incorrect
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not completed
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Many energy investments, such as those in nuclear and hydro power, may have consequences lasting for many decades. How is the notion that today's investments should not create disbenefits to people in the future called?
Longitudinal fairness
correct
incorrect
Intergenerational equity
correct
incorrect
Temporal evenness
correct
incorrect
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Section 12.5 describes real-world complications with energy costing. Least-cost planning is one method of analysing energy costs. To whom, and for what, does it provide the least cost?
An oil company for the end refined petrol
correct
incorrect
The consumer for a particular energy service
correct
incorrect
A fuel-exporting country for maintaining its energy exports
correct
incorrect
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Various countries have used a range of financial methods to support renewable energy. One method is to provide clearly stated prices for the electricity. What is this mechanism called?
Renewables Obligation
correct
incorrect
Contract for difference
correct
incorrect
Feed-in tariff
correct
incorrect
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