The potential impact of renewable energy deployment on natural gas prices in New England

PDF Version Also Available for Download.

Description

Concerns about the price and supply of natural gas have deepened in recent years both nationally and in New England. Renewable energy (RE) technologies can directly hedge natural gas price risk by reducing the need to purchase variable-price natural gas-fired electricity generation, and replacing that generation with fixed-price renewable electricity supply. In addition to its direct contribution to price stability, an increasing number of studies show that renewable energy deployment can also put downward pressure on natural gas prices by reducing demand for gas among gas-fired generators. These gas price reductions are, in turn, expected to reduce electricity prices and--more ... continued below

Physical Description

vp.; OS: Windows XP

Creation Information

Wiser, Ryan & Bolinger, Mark September 20, 2004.

Context

This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

Who

People and organizations associated with either the creation of this report or its content.

Sponsor

Publisher

Provided By

UNT Libraries Government Documents Department

Serving as both a federal and a state depository library, the UNT Libraries Government Documents Department maintains millions of items in a variety of formats. The department is a member of the FDLP Content Partnerships Program and an Affiliated Archive of the National Archives.

Contact Us

What

Descriptive information to help identify this report. Follow the links below to find similar items on the Digital Library.

Description

Concerns about the price and supply of natural gas have deepened in recent years both nationally and in New England. Renewable energy (RE) technologies can directly hedge natural gas price risk by reducing the need to purchase variable-price natural gas-fired electricity generation, and replacing that generation with fixed-price renewable electricity supply. In addition to its direct contribution to price stability, an increasing number of studies show that renewable energy deployment can also put downward pressure on natural gas prices by reducing demand for gas among gas-fired generators. These gas price reductions are, in turn, expected to reduce electricity prices and--more importantly--directly reduce consumer natural gas bills. Many recent studies have found that this effect may be significant, substantially benefiting consumers. These studies are reviewed in the attached paper, published in the proceedings of a recent national energy conference. An important consideration is that--strictly speaking--this price reduction represents a consumer benefit that comes at the expense of producers; it therefore represents a wealth transfer, not a net gain in social welfare. That said, current concerns about the price and supply of natural gas suggest that policymakers may want to pursue actions that reduce the strain of high prices on consumer energy bills.

Physical Description

vp.; OS: Windows XP

Notes

OSTI as DE00833578

Source

  • Other Information: PBD: 20 Sep 2004

Language

Item Type

Identifier

Unique identifying numbers for this report in the Digital Library or other systems.

  • Report No.: LBNL--56416
  • Grant Number: AC03-76SF00098
  • DOI: 10.2172/833578 | External Link
  • Office of Scientific & Technical Information Report Number: 833578
  • Archival Resource Key: ark:/67531/metadc779216

Collections

This report is part of the following collection of related materials.

Office of Scientific & Technical Information Technical Reports

What responsibilities do I have when using this report?

When

Dates and time periods associated with this report.

Creation Date

  • September 20, 2004

Added to The UNT Digital Library

  • Dec. 3, 2015, 9:30 a.m.

Description Last Updated

  • Sept. 1, 2016, 6:52 p.m.

Usage Statistics

When was this report last used?

Yesterday: 0
Past 30 days: 0
Total Uses: 2

Interact With This Report

Here are some suggestions for what to do next.

Start Reading

PDF Version Also Available for Download.

Citations, Rights, Re-Use

Wiser, Ryan & Bolinger, Mark. The potential impact of renewable energy deployment on natural gas prices in New England, report, September 20, 2004; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc779216/: accessed September 19, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.