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Geothermal Energy Market Study on the Atlantic Coastal Plain. A Review of Recent Energy Price Projections for Traditional Space Heating Fuel 1985-2000 (open access)

Geothermal Energy Market Study on the Atlantic Coastal Plain. A Review of Recent Energy Price Projections for Traditional Space Heating Fuel 1985-2000

In order to develop an initial estimate of the potential competitiveness of low temperature (45 degrees C to 100 degrees C) geothermal resources on the Eastern Coastal Plain, the Center for Metropolitant Planning and Research of The Johns Hopkins University reviewed and compared available energy price projections. Series of projections covering the post-1985 period have been made by the Energy Information Administration, Brookhaven National Laboratory, and by private research firms. Since low temperature geothermal energy will compete primarily for the space and process heating markets currently held by petroleum, natural gas, and electricity, projected trends in the real prices for these fuels were examined. The spread in the current and in projected future prices for these fuels, which often serve identical end uses, underscores the influence of specific attributes for each type of fuel, such as cleanliness, security of supply, and governmental regulation. Geothermal energy possesses several important attributes in common with electricity (e.g., ease of maintenance and perceived security of supply), and thus the price of electric space heating is likely to be an upper bound on a competitive price for geothermal energy. Competitiveness would, of course, be increased if geothermal heat could be delivered for prices closer to …
Date: March 1, 1979
Creator: Weissbrod, Richard & Barron, William
System: The UNT Digital Library