Deck:
An effective tool for policy-makers, utilities and stakeholders.
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An effective tool for policy-makers, utilities and stakeholders.
Renewable energy technologies, which do not require fossil fuel to generate electricity, promote power price stability by avoiding the risks associated with underlying natural gas price escalation, volatility, and delivery. A proxy for this hedge-value can be estimated by quantifying the costs faced by gas-fired generators in order to secure reliable natural gas supplies at a fixed price. These costs include direct expenses that must be paid by gas-fired, combined-cycle plants to: (1) guarantee gas delivery; and (2) eliminate price volatility and remove price escalation.
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