Economics of Geothermal Energy
- Key words
- comparison, generation, electricity, heat, fossil fuel
- Conference
- World Geothermal Congress
- Year
- 1995
- Session
- SECTION 14 - Economics, Financing, Marketing and Training
- Language
- English
- Paper number
- 4-Liguori
Full text
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Abstract
In order to be successful, geothermal energy must be cheaper than the competitors, i.e. the alternative forms of energy. Depending on the use of the geothermal energy, the competitors are: 1) electricity production: fuel oil and 2) heat production: natural gas.
For the production of electricity, the geothermal energy is cheaper than the alternative fuel oil energy for a wide and actual range of fuel oil prices and well productivities, while for the production of heat the range is becoming narrow.
Copyright 1995, International Geothermal Association. Readers who download papers from this site should honour the copyright of the original authors, and may not copy or distribute the work further without the permission of the original publisher.