Articles and Books

Perspectives on the Economics of Geothermal Power

Categorized Under: Energy



Published in Geothermal Resources Council Transactions, October 2009, by Adil C. Sener and Jesse Keith of ICF International. In this study authors discuss the economics of geothermal power plants in western power markets. The study analyzes the historical price movements in the major western power trade hubs and the critical factors affecting the prices. Authors introduce the Stochastic Geothermal Cost Model (SGCM) and compare the levelized cost of geothermal energy against the historical price levels and future expectations. The paper also discusses the impacts of a production tax credit and renewable portfolio standards on the economics of geothermal power.

Authored By

  • Adil Sener

    Senior ManagerICF International

    Adil C. Sener works with the wholesale power market. His focus areas include assessment of electric power markets, resource planning, production cost modeling, portfolio optimization, asset valuation, due diligence, risk management, environmental regulations, renewables, transmission planning, and power plant engineering. Dr. Sener has worked on numerous projects supporting utility resource plans, renewable energy financing, bankruptcy filings, mergers and acquisitions, and hedging strategies. He specializes in energy economics and resource planning, with an emphasis on risk management.

Insight Details

Published: Oct 21, 2009
Authors: , Johan Rene van Dorp, Jesse Dylan Keith
Source: Geothermal Resources Council Transactions

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