Estimating environmental costs of energy resources

Buchanan, Shepard C.

doi:10.1016/1040-6190(90)90079-o

Cited by 10 publications

(3 citation statements)

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“…This method is not commonly used for IRPs. More typically, IRP evaluations draw on contingent valuation (Mitchell and Carson 1989), emission control costs, or average values drawn from other sources (e.g., Pace University 1990) as a basis for "pricing out" environmental externalities in a social benefit/cost type framework (e.g., Buchanan 1990). Our work contributed to the BC Gas IRP process in two ways.…”

Section: Introductionmentioning

confidence: 99%

Identifying and Structuring Values to Guide Integrated Resource Planning at BC Gas

Keeney

McDaniels

1999

Operations Research

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British Columbia Gas, a major utility, was required by the British Columbia Utilities Commission (BCUC) to develop an integrated resource plan that addressed multiple objectives and involved the participation of stakeholders. To assist BC Gas, we elicited values separately from most of the senior executives at BC Gas, members of the BCUC, and representatives of several stakeholder groups. Based on these values, we structured a set of objectives and associated performance measures for integrated resource planning (IRP) at BC Gas. A multistakeholder process then provided judgments about appropriate value tradeoffs among these objectives. This information was used in several ways in the IRP process. It fostered improved communication and served as a guide for designing more attractive plans and identifying future information needs. It also provided the basis for a quantitative evaluation of alternative plans and resources. Both the IRP process and the chosen integrated resource plan were reviewed by lawyers representing intervenors at a quasi-judicial hearing of the BCUC. Their concerns are informative in providing lessons for the use of the elicited values in the context of regulatory hearings.

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Section: Introductionmentioning

confidence: 99%

Identifying and Structuring Values to Guide Integrated Resource Planning at BC Gas

Keeney

McDaniels

1999

Operations Research

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“…Control costs represent the additional costs of equipment to control emissions to some specified level, while damage costs are estimates of the actual damage caused by environmental emissions. Although most analysts agree that the use of actual environmental damage costs is preferable, these costs are very difficult to estimate and may also be subject to revision over time (Buchanan 1990;Freeman et al 1992). For this reason, emission control costs are often used as a proxy.…”

Section: Approaches To Incorporating Externalitiesmentioning

confidence: 99%

96/01719 The potential impact of externalities considerations on the market for biomass power technologies

1996

Fuel and Energy Abstracts

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Of all the renewable energy sources used for power generation, biomass energy has experienced the greatest growth over the last decade. Spurred by requirements established in the Public Utility Regulatory Policies Act of 1978 (PURPA), as well as various tax incentives, biomassbased power generation now provides more than 50 billion kWh of electric energy from 10,000 MW of installed capacity. The overwhelming majority of this capacity, primarily wood-based, has been developed by the nonutility sector. However, the biomass industry is currently facing more difficult market conditions due to a reduction in federal incentives and changes in the generation market, such as lower utility avoided costs, slower demand growth, and greater competition among fuel sources. States are increasingly contemplating the inclusion of market externalities costs and benefits associated with different generation options in electricity resource planning and procurement decisions. Market externalities, as they relate to generation resources and technologies, represent impacts that are not wholly reflected in the market price of electricity derived from these sources. These impacts, which can be either positive or negative, can encompass environmental, economic, and other social factors, but state considerations have focused predominately on environmental externalities costs, especially air emissions. The explicit quantification of externalities could measurably affect the competitive standing of various energy resources and technologies in future utility resource acquisitions. It is still too early to ascertain to what extent externalities considerations will impact resource planning and acquisition decisions. There is currently little, if any, evidence indicating that the

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“…place dollar values on non-market effects) (e.g. Buchanan, 1990). These efforts have been successful in focusing attention on the fundamental importance of value judgments in electrical utility planning efforts.…”

Section: Introductionmentioning

confidence: 97%

A Multiattribute Index for Evaluating Environmental Impacts of Electric Utilities

McDaniels

1996

Journal of Environmental Management

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Estimating environmental costs of energy resources

Cited by 10 publications

References 0 publications

Identifying and Structuring Values to Guide Integrated Resource Planning at BC Gas

Identifying and Structuring Values to Guide Integrated Resource Planning at BC Gas

96/01719 The potential impact of externalities considerations on the market for biomass power technologies

A Multiattribute Index for Evaluating Environmental Impacts of Electric Utilities

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