Which of the following best describes the role of cogeneration in energy conservation and how the application of a tariff system can help reduce energy bills?
1
Cogeneration is only applicable in large industrial settings and has no impact on energy conservation, while tariff systems are solely used for revenue generation by utilities.
2
Cogeneration and tariff systems are unrelated concepts, and neither contributes to energy conservation or cost reduction.
3
Cogeneration increases energy consumption by producing excess electricity, and tariff systems are used to penalize high energy users without reducing bills.
4
Cogeneration reduces energy waste by simultaneously producing electricity and useful thermal energy, while a welldesigned tariff system incentivizes off-peak energy usage, lowering overall costs.