This paper describes an integrated evaluation of five supply-side and five demand-side electricity options conducted by the Central Hudson Gas & Electric Corporation (CHG&E).This evaluation involved performing decision-tree analyses of the present value of forecast-period revenue requirements using MIDAS (the Multiobjective Integrated Decision Analysis System) --a new, EPRI -devel oped, microcomputer-based utility system-planning and financial model [l].The results --obtained by comparing the results of high, medium, and low loadgrowth and fuel-price scenarios to those of a base case scenario --indicated that the demand-side options yielded a $4.3 million reduction in revenue requirements. By contrast, customer-owned generation yielded an expected increase in revenue requirements of $2.8 million. It was also noteworthy that the variation of outcomes --by load-growth and fuelprice scenario --was $21 million for demand-side options, compared to a range of $495 million for customer-owned generation.Thus the analysis indicated that demand-side options offered both a greater expected benefit and a significantly smaller variation in outcomes [2].
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