AN ECONOMIC EVALUATION OF NORTH CAROLINA’S ENERGY GRID USING VARIOUS RENEWABLE ENERGY RESOURCES: A STUDY OF THE COST OF INTERMITTENCY IN RENEWABLE ENERGY GENERATION

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  • June 26, 2019
Creator
  • Bravante, Matthew
    • Affiliation: Kenan-Flagler Business School
Abstract
  • Technological improvements have led to plummeting costs for various renewable energy resources. Renewable energy creates energy without emitting carbon dioxide and is a leading solution in the efforts to mitigate climate change. As climate change becomes harsher, the need to transition to an electricity grid serviced largely by renewable energies becomes more apparent. Whether or not renewable energies can service the entire grid in a cost-effective manner is currently debated by experts. This study evaluates the total costs of servicing North Carolina’s grid with renewable energy or natural gas. This study concludes that natural gas is currently the more economically viable option. However, in the near future, renewable energies will have a cheaper total cost. As renewable energy becomes cheaper, there will be an influx of renewable energies to the grid, and with them a lot of challenges with maintaining the stability of the energy grid.
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Rights statement
  • In Copyright
Advisor
  • Hee, Carol
Degree
  • Bachelor of Science
Academic concentration
  • Business Administration
Honors level
  • Honors
Degree granting institution
  • University of North Carolina at Chapel Hill
Graduation year
  • 2019
Language
  • English
Date uploaded
  • April 25, 2019

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