Page 13 - CARILEC CE Journal CENOV 2021
P. 13


                          A GREENER


                                    Authors: Zsaria Diaz, Siana Teelucksingh, Kaitlyn Bunker

                         Price volatility in the fossil fuel market is a major thorn in the sides
                         of electric utilities that rely on fossil fuels for some or all of their
                         electricity generation. Traditionally, financial hedging is often used
                         to combat upswings in fuel prices thereby protecting utilities and
                         ratepayers from large increases in cost from month to month. The
                         uptake  of  renewable  energy  for  power  generation  can  be  a  new
                         opportunity for utilities to avoid high and variable fuel costs while
                         also reducing their emissions and increasing resilience.

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