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Edison Device price and cost of operation, 2004 licensing period is the last.
Posted on Friday, November 07, 2003 @ 20:01:01 EST by vlad

Devices Anonymous writes: http://www.genesisenergysystems.com/gwe_edison_price.htm

Edison Device
Projected Purchase Price And Cost Of Operation:
GWE Pricing Policy
GWE is committed to ensuring that consumers and business throughout the world are able to purchase, service and maintain Edison Systems at the lowest possible price, while providing licensed manufactures and marketers with reasonable margins and earnings.

GWE's commitment to reasonable consumer pricing will be achieved through a combination of cost containment policies, taking advantage of volume supply arrangements and through the careful management of competitive strategies. While the laws of each nation may restrict GWE's capability of establishing "maximum" prices that licensees may charge consumers, GWE is capable of quickly increasing competition within areas where prices become unacceptably high.

How To Select The Right Edison System For You
As a rule of thumb, suggested retail prices for Edison Systems are established based on the number of Kilowatt Hours of electricity and Therms of natural gas needed within a 24 hour day. If a consumer or business has no need for gas, Edison Systems that produce only electricity may be purchased.

Calculating Your Needs
The first step in determining the suggested retail price of an Edison System is to calculate the amount of electricity and gas currently being used each day. This is done as follows:

Electricity - To calculate the number of Kilowatt Hours of electricity used per day, simply refer to an electric bill and divide the total number of Kilowatt Hours used during a billing period, by the number of days in the billing period. (Example: 700 kWh [divided by] 30 days = 23.3 kWh per day.)

Gas - To calculate the number of therms of natural gas you use per day, simply refer to your gas bill and divide the total number of therms used during a billing period, by the number of days in the billing period. (Example: 100 therms [divided by] 30 days = 3.3 Therms per day.)

Note: Electricity and gas bills from months where the most electricity and gas are used should be selected.

Calculating Suggested Edison System Retail Prices
Calculating the suggested retail price for an Edison System now becomes a simple matter. The current suggested retail price of electrical production from an Edison System is $112.50 (US) per Kilowatt Hour of daily capacity. The suggested retail price of gas production from an Edison System is $112.50 (US) per Therm of daily capacity.

The formula for calculating the suggested retail price of an Edison System based on the above daily electrical and gas use would be as follows:

23.3 kWh (times) $112.50 = $2625.00 (US)
3.3 kWh (times) $112.50 = $ 375.00 (US)
Total Edison System Cost: $3000.00 (US)

Based on the above, an Edison System that produces electricity only at the rate of 23.3 kWh per day would cost $2625.00 (US).

Operational Costs
Once an Edison System is purchased, the only costs associated with the system's operation involves the cost of water the system uses as its source of fuel, and the cost of periodically replacing water filters. Since the cost of the water the Edison System uses is negligible, it is too small to consider as an operating expense.

Again, using the above example of an Edison System configuration (producing 23.3 kWh and 3.3 Therms of gas per day) , the cost of operation based on the system purchase price, plus the periodic cost of replacement filters divided by the total amount of of Kilowatt Hours and Therms of gas produced during the system's 20 year projected life would be as follows:

$0.019 (US) per kWh - Electricity
$0.019 (US) per Therm - Gas

Based on this example, the total monthly cost of operation would be approximately $15.00/Month (US).

Note: For the purposes of comparing costs with traditional utility bills, the above cost figures are presented as therms of hydrogen gas as equivalent to therms of natural gas.

Also see: http://www.genesisworldenergy.com/newsroom.htm
During the 2003 licensing period, a sufficient number of license applications were received and approved for Edison, HICEF and iGas products to account for nearly all of GWE's planned key component manufacturing capacity worldwide. It is anticipated that the number of applications accepted and approved during the 2004 licensing period will be limited. As a result, there are currently no additional open licensing periods being planned beyond 2004 for these three technologies. Beyond the 2004 licensing period, license openings will be limited to previously non eligible nations that have become eligible to receive licenses, or the award of licenses to new licensees that are intended to replace applicants or licensees that are unable to meet license requirements.



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"Edison Device price and cost of operation, 2004 licensing period is the last." | Login/Create an Account | 114 comments | Search Discussion
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Exclusively from GWE - a 10 month year (Score: 1)
by chipotle_pickle on Saturday, November 08, 2003 @ 10:27:00 EST
(User Info | Send a Message) http://freehydrogen.blogspot.com
I already pointed out the arithmetic errors in another post

but it took me a while to figure out how they got $15 per month as the 20 year cost for something that cost $3000. It's simple; they used a 10 month year.

Now they just need to convince people that there are 10 years in a day and the gCell might work as advertised.

Simple Math (Score: 0)
by Anonymous on Sunday, November 09, 2003 @ 08:21:56 EST
Finance changes are not (and should not) be put into the calculation... $3000 heck even $6000 is just too small amount to worry about finance charges.

So assume the following - as per the press release:

Cost: $3000
Life: 20 years

Cost per year: $3000 / 20 = $150
Cost per month: $12.50

Now the other costs as stated by the press release include operation costs of water (negligible) and filter costs. As it stands now we need an additional $2.50 per month to arrive at the press release stated cost of APX $15.00 per month (over a 20 year span).

Cost per month (device): $12.50 * (12 months) = $150 (* 20 years) = $3000
Cost per month (filters): $2.50 * (12 months) = $30 (* 20 years) = $600

The 'missing' $30 per year must be the filter cost...

I don't see how Mr. Pickle could have come up with a '10 month year'..... It must be how his mind works I guess...

DaveGee (sign-on still pending)

genesisworldenergy.com Down (Score: 1)
by mlmitton on Thursday, November 13, 2003 @ 11:04:35 EST
(User Info | Send a Message)
Anyone else noticed that genesisworldenergy.com is down today. This is exactly one year after they first registered the domain (though their registration is still active). Other domains are still running.

GWE makes "news" again (Score: 1)
by chipotle_pickle on Monday, November 24, 2003 @ 12:42:35 EST
(User Info | Send a Message) http://freehydrogen.blogspot.com
From: http://messenger-index.com/articles/2003/11/12/news/afcouncil.txt

The Emmet City Council signs a letter of support from an from an unafilliated booster.

  • Re: GWE makes by Anonymous on Monday, November 24, 2003 @ 19:51:34 EST
    • Re: GWE makes by Anonymous on Tuesday, November 25, 2003 @ 08:48:16 EST
      • Re: GWE makes by Anonymous on Tuesday, November 25, 2003 @ 11:15:48 EST


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