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Economic Impacts of Electricity Supply Options

  • Ajay K. Sanghi
Conference paper

Abstract

Public interest requires electric utilities to have a social obligation beyond the mere provision of electricity. As an example, the New York State Legislature recently passed (August 1992) an energy bill that establishes an integrated resource planning process to provide guidance to State electric utilities for procuring future electricity resources. It calls upon the State’s investor owned utilities to consider all options and “select the source or sources which best serve the public interest, taking into consideration such factors as … preservation or creation of economic opportunities, …”1 before purchasing power, investing in new plants, or repowering or extending the life of existing plants. To this extent, economic development has become an important consideration in the procurement of electricity resources.2

Keywords

Wind Turbine Location Quotient Employment Impact Alternative Electricity Household Refrigerator 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Beemiller, Richard. “Hybrid Approach to Estimating Economic Impacts Using Regional Input-Output Modelling System (RIMS II)” Transportation Research Record 1274.Google Scholar
  2. Bureau of Economic Analysis, U.S. Department of Commerce. Regional Multipliers: A User Handbook for the Regional Input-Output Modelling System (RIMS II), 2nd Edition, May 1992.Google Scholar
  3. Hohmeyer, Olav. Social Cost of Energy Consumption: External Effects of Electricity Generation in the Federal Republic of Germany. Springer-Verlag, 1988.Google Scholar
  4. New York State Energy Law, Section 6–106, Paragraph 5 [Senate Bill 4912-A].Google Scholar
  5. New York State Energy Office, Hydro-Quebec Economic Study, Draft appendices, pp V102–V111, May 1992.Google Scholar
  6. New York State Energy Office. Draft New York State Energy Plan, Vol. VI, Electricity Issues: Issue 3B, Economic Development, May 1989, pp 5–6.Google Scholar
  7. Sanghi, Ajay K. “Should Economic Impacts Be Treated as Externalities in Utility Bidding Programs?” The Electricity Journal. Vol. 4, No. 2, March 1991.Google Scholar

Copyright information

© Springer-Verlag Berlin · Heidelberg 1994

Authors and Affiliations

  • Ajay K. Sanghi
    • 1
  1. 1.New York State Energy OfficeAlbanyUSA

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