Geothermal Power: Meeting the Challenge of Electric Price Stabilization in the West

January 30, 2001 - 12:00pm
Bldg 90
Seminar Host/Point of Contact: 

Existing data indicates that extensive geothermal resources of power production grade exist throughout the western United States. These resources may be capable of producing clean, reliable electric power in sufficient quantities to act as a hedge against the price volatility of gas-fired electric generation. The challenge facing energy policy makers is developing effective strategies and appropriate incentives to assist developers in moving competitive quantities of geothermal electric capacity into the western power marketplace. Issues related to achieving this goal include: - Relative economics of geothermal and competing natural gas based generation. - The value of risk mitigation, hedging, and environmental benefits. - Effectiveness of "Green Power" marketing programs. - Effectiveness of "Renewable Portfolio Standards". - Effectiveness of "System Benefit" charges. - Effectiveness of Renewable RFPs. Comprehensive strategies will be suggested that are designed to bring online fossil fuel competitive quantities of renewable geothermal based power to mitigate risk and stabilize electric prices in the western electric system. For more information about this seminar, please contact: Julie Osborn(510) 495-2420

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