Speed up other projects that are in the pipeline to provide nearer-term savings, hopefully reducing natural gas costs this coming winter. Consider Alternative, Clean Technologies Higher natural gas prices may also change the economics of alternative, clean technologies. The cost of generating power using renewable energy sources has been uneconomic compared to the cost of using conventional sources. Increasing prices in traditional energy markets may make renewable technologies economically viable at the margin and capable of competing with conventional fuels. Renewable energy, as defined by the E.O., is energy produced by biomass, geothermal, solar, and wind power.
Renewable technologies produce electricity, gas, heat, and steam.
Utility managers are urged to review again renewable options that might now be significantly more competitive given the expected high price for gas and other fuels.