AN INVESTIGATION OF THE SENSITIVITY OF THE ECONOMIC APPRAISAL OF GEOTHERMAL ENERGY RESOURCES TO ENERGY PRICE RISES
A procedure has been developed to assess the prospects for using low temperature geothermal resources in the United Kingdom and Europe, for domestic heating under changing economic conditions. This report describes the procedure which consists of routines for investigating reservoir characteristics, well drilling costs, heating system operation and costs, and techniques of financial appraisal for the complete project. Sample data are used to test and validate the procedure. The basic sensitivity of costs to fuel price rises is examined by using energy analysis to determine the relative importance of energy inputs. Both unit costs of heat produced at the wellhead and of heat finally delivered to dwellings in a complete scheme are calculated. These results are used to examine the effect of resource parameters, operating conditions and economic factors, including fuel and general price inflation, on the economics of geothermal heating schemes. Total unit costs for complete schemes are also compared with those of competing fossil fuelled heating systems.
Bibliographic Reference: EUR 8584 EN (1983) FS, 99 P., BFR 300, EUROFFICE, LUXEMBOURG, POB 1907
Availability: Can be ordered online
Record Number: 1989122012400 / Last updated on: 1987-01-01
Available languages: en