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. (NREL), 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; TRN: AHC29616%%81
• Resource Relation: Conference: Windpower `96: American Wind Energy Association (AWEA) conference, Denver, CO (United States), 23-27 Jun 1996; Other Information: PBD: Jun 1996
• Country of Publication: United States
• Language: English

Related Subjects

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