Professional Documents
Culture Documents
Sgouris Sgouridis
1
Money
is
4
2
0
1
3
5
1979
January
6
1979
February
1979
March
GDP
1979
April
1979
May
1979
June
1979
July
1979
August
Oil Price
1979
September
1979
October
1979
November
The
1970s
1979
December
1980
January
1980
February
1980
March
1980
April
1980
May
1980
June
1980
July
1980
August
1980
September
1980
October
1980
November
1980
December
1981
January
1981
February
1981
March
1981
April
1981
May
Data sources: Bureau of Economic Analysis & Energy Information Administration
1981
June
1981
July
1981
August
1981
September
1981
October
1981
November
1981
December
1982
January
1
2
0
1.5
2.5
0.5
US GDP & Oil Price
(Normalized Nominal)
4
14
2
12
0
6
8
10
16
18
20
2007
January
2007
February
2007
March
2007
April
2007
May
2007
June
2007
July
GDP
2007
August
2007
September
The
2000s
2009
March
2009
April
2009
May
2009
June
2009
July
10
9.3
9.5
9.2
9.7
9.4
9.8
9.6
9.9
10.1
Tipping
the
house
of
cards…
Electricity
bill.
Water
bill.
Taxi
fare.
Metro
ticket.
Gas
price.
Food
price.
Hotel
rate.
Mortgage
payment.
5
2000s:
first
collision
of
real
and
imaginary
economies
but
Autonomous
Fossil
fuel
Sustainable
Constraints
dominant
–
Capacity
City
capacity
limited
Hydro/
Nuclear
Fossil
fuel
dominant
dominant
–
Connected
excess
Sustainable
Weak
capacity City
Demand
management
Incentives
for
efficient
energy
use
Mechanism
for
informed
decisions
on
energy
use
Simplicity,
flexibility,
commonality
8
Commitment
to
a
strong
energy
constraint
could
lead
to
11
Ergo
Defini9on
–
Tangible
Energy
1
Ergo
=
1
Energy
Unit
(e.g.
kWh)
Services
have
an
Ergo
price
component
reflecting
their
true
direct
and
indirect
energy
needs
Ergos
represent
a
finite
energy
resource
that
can
be
allocated
equitably
Ergos
have
an
expiration
date
Ergos
cannot
be
hoarded
speculatively
but
are
surrendered
for
a
service
transaction
12
Ergo
Defini9on
–
Fungible
Energy
Ergos
have
a
subscription
fee
For
generation
cost
recovery
A
conserving
user
can
sell
excess
Ergos
at
the
spot
price
A
user
above
budget
can
buy
and
immediately
surrender
Ergos
at
the
spot
price
in
exchange
for
a
desired
service
13
Proposed
Ini)al
Ergo
Coverage
Ergo
Users:
Residents
Businesses
Visitors
City
authorities
Service
Coverage:
Electricity
Climate
Control
-‐
HVAC
Water
&
hot
water
Transportation
Waste
disposal
Common
utilities
14
Ergo
Issuance
Ergos
issued
centrally
by
City
Energy
Administration
(CEA)
reflect
energy
generation
budget
Ergo
Energy
Budget
Carry
Forward
Monthly
= Forecast
+ Over
+ Credits
Budget
15
Ergo
Alloca9on
Ergos
are
allocated
to
subscribers
based
on
a
flat
subscription
fee
and
equitable
allocation
(other
options
exist)
Ergo
Residential
Commercial
Common
Monthly
Budget
= Users
+ Users
+ Utility
+…
Short
Term
Ergo
Base
Ergo
Price
= Price
+ f( Cumulative
)
Demand
Gap
17
Ergo
Pricing
Mechanism
Cumulative
Demand Curve
Cumulative
Supply Curve
18
Ergo
Market
Ergo
Market
differs
from
traditional
energy
markets:
19
Ergo
Forward
Markets
Two
Types:
Pre-‐allocated
Ergos
Ergo
Futures
20
User
Experience
Seamless
&
uncomplicated
Rely
on:
smart-‐phone
type
devices
with
access
to
user
accounts
wireless
communication
with
Ergo
&
$
debit
devices
21
Of
Ci9es
and
Spaceships
Sooner
than
later
Geonauts
on
Spaceship
Earth
Sustainable City
And only its appreciation will herald the transition to a sustainable economy