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Contents contributed and discussions participated by Chelsea Hilton

Chelsea Hilton

Crown Capital Eco Management - ELECTRICITY: Natural gas, renewable energy will power t... - 2 views

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    The path to low-carbon electricity generation in Texas will likely require the co-development and integration of both natural gas and renewable energy resources like wind and solar power, a new research report commissioned by the Texas Clean Energy Coalition has found. The white paper, prepared by the Brattle Group for the Austin-based nonprofit, states that despite perceived competition between natural gas and renewable energy resources in Texas, the reality is the two sectors can aid each other's growth and can eventually help Texas meet rising energy demand in an era of tighter environmental controls. "Low-priced natural gas and clean renewable resources are complementary, not competing, resources to displace other fuels over the long term. Coordinated development of both will lead to a win-win for Texas and the environment," Kip Averitt, chairman of the Texas Clean Energy Coalition, said in a statement announcing the results of the Brattle Group analysis. The report examined conditions across the Electric Reliability Council of Texas (ERCOT) territory, which has some of the nation's greatest wind power capacity and has undergone an unprecedented boom in natural gas production aided by hydraulic fracturing. Some have asserted that an abundance of inexpensive natural gas will displace renewable energy, thus keeping Texas from fully developing its extensive wind and solar resources. The Brattle analysis challenges that conclusion, asserting instead that "in the short run, low gas prices are extremely unlikely to change the fact that existing renewables will nearly always have priority over gas-fired plants since, due to the absence of fuel costs, their variable costs are lower than those of essentially all other resources." And longer term, the analysis finds, new gas-fired power plants may compete with wind and solar power, but such conditions will be predicated on fluctuation in coal and gas prices, shifts in federal and state energy and environmental poli
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