As may be seen by inspection of [curve No. 2], the second water-power has smaller fluctuations of capacity, as well as a higher average percentage of the maximum output than the water-power illustrated by [curve No. 1].

If the discharge of a stream during each twenty-four hours is just sufficient to develop the electrical energy required in a supply system during that time, the water may be made to do all of the electrical work in one of two ways. If the water-power has enough storage capacity behind it to hold the excess of water during some hours of the day, then it is only necessary to install enough water-wheels and electric generators to carry the maximum load. Should the storage capacity for water be lacking, or the equipment of generating apparatus be insufficient to work at the maximum rate demanded by the electrical system, then an electric storage battery must be employed if all of the water is to be utilized and made to do the electrical work.

The greatest fluctuations between maximum and minimum daily loads at electric lighting stations usually occur in December and January. The extent of these fluctuations is illustrated by [curve No. 3], which represents the total load on a large electrical supply system during a typical week-day of January, 1901. On this day the maximum load was 2,720 and the minimum load 612 kilowatts, or 22.5 per cent of the highest rate of output. During the day in question the total delivery of energy for the twenty-four hours was 30,249 kilowatt hours, so that the average load per hour was 1,260 kilowatts. This average is 46 per cent of the maximum load.

Computation of the area included by [curve No. 3] above the average load line of 1,260 kilowatts shows that about 17.8 per cent of the total output of energy for the day was delivered above the average load, that is, in addition to an output at average load. It further appears by inspection of this load curve that this delivery of energy above the average load line took place during 12.3 hours of the day, so that its average rate of delivery per hour was 438 kilowatts.

If a water-power competent to carry a load of 1,260 kilowatts twenty-four hours per day be applied to the system illustrated by [curve No. 3], then about 17.8 per cent of the energy of the water for the entire day must be stored during 11.7 hours and liberated in the remaining 12.3 hours. This percentage of the total daily energy of the water amounts to 36 per cent of its energy during the hours that storage takes place.

If all of the storage is done with water, the electric generators must be able to work at the rate of 2,720 kilowatts, the maximum load. If all of the storage is done in electric batteries, the use of water may be uniform throughout the day, and the generator capacity must be enough above 1,260 kilowatts to make up for losses in the batteries. Where batteries are employed the amount of water will be somewhat greater than that necessary to operate the load directly with generators, because of the battery losses.

In spite of the large fluctuations of electrical loads throughout each twenty-four hours, it is thus comparatively easy to operate them with water-powers that are little, if any, above the requirements of the average loads.

Perhaps the most important question relating to the use of water-power in electrical supply is what percentage of the yearly output of energy can be derived from water where this power is sufficient to carry the entire load during a part of the year. With storage area for all surplus water in any season, the amount of work that could be done by a stream might be calculated directly from the records of its annual discharge of water. As such storage areas for surplus water have seldom, or never, been made available in connection with electrical systems, the best assurance as to the percentage of yearly output that may be derived from water-power is found in the experience of existing plants.

The question now to be considered differs materially from that involving merely the variations of water-power in the several months, or even the possible yearly output from water-power. The ratio of output from water-power to the total yearly output of an electrical system includes the result of load fluctuations in every twenty-four hours and the variable demands for electrical energy in different months, as well as changes in the amount of water-power available through the seasons.

In order to show the combined result of these three important factors [curve No. 4] has been constructed. This indicates the percentages of total semi-yearly outputs of electrical energy derived from water-power in two supply systems. Each half-year extends either from January to June, inclusive, or from July to December, inclusive, and thus covers a wet and dry season. Each half-year also includes a period of maximum and one of minimum demand for electrical energy in lighting. The period of largest water supply usually nearly coincides with that of heaviest lighting load, but this is not always true.