Accounting for fuel price risk when comparing renewable togas-fired generation: the role of forward natural gas prices
Description:
Unlike natural gas-fired generation, renewable generation (e.g., from wind, solar, and geothermal power) is largely immune to fuel price risk. If ratepayers are rational and value long-term price stability, then--contrary to common practice--any comparison of the levelized cost of renewable to gas-fired generation should be based on a hedged gas price input, rather than an uncertain gas price forecast. This paper compares natural gas prices that can be locked in through futures, swaps, and phys…
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Date:
July 17, 2004
Creator:
Bolinger, Mark; Wiser, Ryan & Golove, William
Item Type:
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UNT Libraries Government Documents Department