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Carbon Reduction Costs In New England'S Power Sector

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  • FLORENTIN Krause
  • JOHN Busch
  • JONATHAN G. Koomey

Abstract

This paper examines the cost of reducing carbon emissions in New England's power sector. The analysis relies on detailed sectoral studies of costs and resource potentials for demand‐side efficiency, cogeneration, renewables, and conventional resource options. Sectoral studies' results were integrated using a production‐cost model to estimate the total cost and rate impacts of carbon reduction strategies relative to a business‐as‐usual forecast. To capture potential uncertainties, the analysis takes into account variations in capital costs, fuel prices, resource utilization levels, and base case retirements of existing power plants. Results show that New England's power sector can freeze carbon emissions at current levels or reduce carbon emissions while simultaneously decreasing customers' total electricity bills.

Suggested Citation

  • FLORENTIN Krause & JOHN Busch & JONATHAN G. Koomey, 1993. "Carbon Reduction Costs In New England'S Power Sector," Contemporary Economic Policy, Western Economic Association International, vol. 11(2), pages 100-112, April.
    • Handle: RePEc:bla:coecpo:v:11:y:1993:i:2:p:100-112
    DOI: 10.1111/j.1465-7287.1993.tb00383.x
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    References listed on IDEAS

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    1. Fisher, Anthony C. & Rothkopf, Michael H., 1989. "Market failure and energy policy A rationale for selective conservation," Energy Policy, Elsevier, vol. 17(4), pages 397-406, August.
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