Evaluating energy and capacity shortages: the 1976-77 natural gas shortage. Final report

Technical Report · Thu Nov 01 04:00:00 EST 1979

DOI:https://doi.org/10.2172/5698048· OSTI ID:5698048

Mosbaek, J.

This report provides (1) a methodology for estimating shortage costs and (2) an estimate of the shortage cost for the 1976-77 winter shortfall in natural gas supply. The methodology shows how to develop a comprehensive estimate of the willingness-to-pay to avoid shortages - the producers' plus employees' plus consumers' plus the general public's willingness-to-pay to avoid the losses resulting from shortages. The 1976-77 experience indicates that total costs per million Btu's of shortage (i.e., the cost for every Mcf of curtailment to users who are not normally curtailed) are $54 for capacity and $5 for energy shortages.

• Research Organization: Faucett (Jack) Associates, Inc., Chevy Chase, MD (USA)
• OSTI ID: 5698048
• Report Number(s): EPRI-EA-1215(Vol.1)
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
031000* -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294003 -- Energy Planning & Policy-- Natural Gas
AVAILABILITY
COST
ENERGY SHORTAGES
ENERGY SOURCES
ENERGY SUPPLIES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL SUPPLIES
FUELS
GAS FUELS
GASES
NATURAL GAS