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A megawatt of electricity currently sells for $375 to $400 on the spot market.
A doubling of the city's population in the last decade has seen the demand for power rocket, with electricity currently produced by burning expensive diesel.
If heating fuels and home electricity currently receive tax breaks in many countries, the situation is quite different for vehicle fuels.
Our report estimates that by 2020 demand will reach about 1,963bn kw hours of electricity, an amount greater than the electricity currently used by France, Germany, Canada, and Brazil combined.
Although both approaches aim on producing electricity, currently thermal use dominates.
Steam turbines are widely used in CHP systems because most of the electricity currently produced in the United States comes from steam turbines.
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According to the Carbon Trust, grid electricity (as currently used to charge an electric car) releases approximately 0.537kg of carbon dioxide per kilowatt-hour, compared with 0.25kg from diesel and 0.24kg from petrol.
And most electricity is currently made by burning fossil fuels.
It also is preparing a plan to free electricity prices, currently set by government regulators.
For example, about 90percentt of all new electricity plants currently under construction will be fueled by natural gas.
Average household energy bills for gas and electricity are currently about £1,300 a year and set to rise to about £1,400 next year, according to the energy regulator Ofgem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com