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Electric sector capacity planning under uncertainty: Climate policy and natural gas in the US
2015
Energy Economics
This research investigates the dynamics of capacity planning and dispatch in the US electric power sector under a range of technological, economic, and policy-related uncertainties. Using a two-stage stochastic programming approach, model results suggest that the two most critical risks in the nearterm planning process of the uncertainties considered here are natural gas prices and the stringency of climate policy. Stochastic strategies indicate that some near-term hedging from lower-cost wind
doi:10.1016/j.eneco.2015.07.008
fatcat:ydohgvcaxrhzxdmwkaeqbj2bei