Managing Natural Gas Price Volatility and Escalation: The Value of Renewable Energy
Publication Type
Conference Paper
Date Published
03/2004
Author
Abstract
Overview Renewable energy (RE) provides a hedge against volatile and escalating gas prices:
- Mitigates Fuel Price Risk: Long-term contracts for RE are typically offered on a fixed-price basis, unlike gas-fired generation contracts
- Reduces Natural Gas Prices: Increased RE reduces natural gas demand, and consequently puts downward pressure on gas prices
- Presentation includes an overview of natural gas price uncertainty, and discusses research on both of these possible benefits
Journal
NEMS/AEO 2004 Conference Washington, D.C. March 23, 2004
Year of Publication
2004
Organization
Research Areas
Electricity Markets and Policy, Renewable Energy, Cost, Benefit, & Market Analysis, Cost, Benefit, and Market Analysis, Bulk Power System Planning, Procurement and Market Processes