Evaluating the Risk-Reduction Benefits of Wind Energy

    Research output: NRELSubcontract Report


    The question of uncertainty and risk in electric utility resource planning has received considerable attention in recent years. New risk management strategies are being considered. This study compares the costs and risks of two competing resource options, a gas-fired, combined- cycle plant and a wind plant, both utility-owned, through decision analysis. The case study is Texas Utilities Electric,a very large investor-owned company serving an area with substantial, high-quality wind resources. The initial findings of this study indicate that risk should be an important consideration in evaluating competing wind and gas-fired combined cycle plants.
    Original languageAmerican English
    Number of pages67
    StatePublished - 1997

    Bibliographical note

    Work performed by Brower & Company, Andover, Massachusetts; Convergence Research, Seattle, Washington; Charles River Associates, Boston, Massachusetts; and Tellus Institute, Boston, Massachusetts

    NREL Publication Number

    • NREL/SR-440-22592


    • electric utility resource planning
    • electricity generation
    • renewable energy (RE)
    • wind turbine


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