Energy policy act of 1992 opens doors for independent geothermal power producers
The Energy Policy Act of 1992 embraces andimplements many of the actions recommended by thePresident in the National Energy Strategy. Independentgeothermal power producers may be direct beneficiariesof 1) further deregulation of IPPs through theirexemption from the provisions of the Public UtilityHolding Company Act and 2) potentially freer access toutility-owned transmission facilities. However, thesedoors will not be fully opened to geothermal energyuntil this resource can compete with other fuels in costconsiderations. While changes in public policy, such asinclusion of externalities in the price of power orfinancial penalties on carbon dioxide emissions, willlevel the playing field somewhat, reductions in cost willbe the ultimate marketing tool. This is particularlycritical in the economics of power derived from "new,"as yet undiscovered reservoirs which will reflect thehigh costs of today's exploration methods. TheDepartment of Energy's geothermal R&D program, incooperation with industry, is undertaking, as describedin this paper, to achieve the technology cost reductionsneeded to permit this resource to enjoy a status equal toor better than that of competing fuels at the utility least-costbargaining table.
Year of publication: |
2006-09-25
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Authors: | Mock, John E. |
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