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Search Results for Mark Bolinger (LBNL)

31 Mar
Revisiting the Long-Term Hedge Value of Wind Power in an Era of Low Natural Gas Prices
Thursday, March 31, 2016
Resource Type : Research or Whitepaper
Topic : Valuation, Analysis, BCA    
State : @National    
Author : Mark Bolinger (LBNL)
Adoption Year : 2013
This article proceeds as follows. Section 2 makes the case for valuing wind power as a long-term natural gas price hedge by contrasting the characteristics of a large sample of wind power purchase agreements (“PPAs”) to the shortcomings of conventional gas price hedging instruments like futures and options contracts. Although these conventional hedging instruments can be used effectively to hedge gas price risk in the near-term, they come up short when one tries to use them to lock in prices over longer terms – e.g., over the average 20-year du