Strategic planning in electric utilities: Using wind technologies as risk management tools

Conference · Sat Jun 01 00:00:00 EDT 1996

OSTI ID:266684

Hoff, T E ^[1]; Parsons, B ^[2]

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1. Pacific Energy Group, Stanford, CA (United States)
2. National Renewable Energy Lab., Golden, CO (United States)

This paper highlights research investigating the ownership of renewable energy technologies to mitigate risks faced by the electric utility industry. Renewable energy technology attributes of fuel costs, environmental costs, lead time, modularity, and investment reversibility are discussed. Incorporating some of these attributes into an economic evaluation is illustrated using a municipal utility`s decision to invest in either wind generation or natural gas based generation. The research concludes that wind and other modular renewable energy technologies, such as photovoltaics, have the potential to provide decision makers with physical risk-management investments.

• Research Organization: National Renewable Energy Lab., Golden, CO (United States)
• Sponsoring Organization: USDOE, Washington, DC (United States)
• DOE Contract Number: AC36-83CH10093
• OSTI ID: 266684
• Report Number(s): NREL/TP--440-21312; CONF-960630--4; ON: DE96007935
• Resource Type: Conference paper/presentation
• Conference Information: Windpower `96: American Wind Energy Association (AWEA) conference, Denver, CO (United States), 23-27 Jun 1996
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
CAPACITY
ECONOMIC EVALUATION
ECONOMICS
ELECTRIC UTILITIES
ELECTRIC UTILITY INDUSTRY
ENVIRONMENTAL COSTS
FOSSIL-FUEL POWER PLANTS
FUEL COSTS
INVESTMENT
INVESTMENT REVERSIBILITY
LEAD TIME
LOAD MANAGEMENT
MODULARITY
PHOTOVOLTAIC CONVERSION
PHOTOVOLTAICS
RENEWABLES
WIND
WIND POWER
WIND POWER PLANTS