Managing Natural Gas Price Volatility and Escalation: The Value of Renewable Energy

Date Published
03/2004
Publication Type
Conference Paper
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
Conference Name
NEMS/AEO 2004 Conference Washington, D.C. March 23, 2004
Year of Publication
2004
Publisher
LBNL
Conference Location
Washington, D.C.
Keywords
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Research Areas
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