EVALUATE ALTERNATIVES

1. Invest in Renewable Energy Sources

Cost- Infrastructure and renewable energy project capital costs are high.
Risk Characteristics-Due to necessary upfront funding and anticipated project delays, the risk
level is moderate to high.
Value- benefits for the environment in the long run, a decrease in the need for fossil fuels, and
the possibility for future operating cost reductions.
2. Implement Smart Grid Technology
Cost - high initial expenditure for skills and technology.
Risk Characteristics- Moderate risk related to difficulties in adopting and implementing new
technologies.
Value- a more reliable grid, lower losses, better integration of renewable energy sources, and
long-term operational effectiveness.
3.Energy Storage Solutions
Cost- Energy storage system costs are high both to buy and to install.
Risk Characteristics- Risk is moderate because battery technology is still developing.
Value- Grid stability, managing peak demand, reducing downtime, and the potential for grid
services revenue.
4. Demand Management Programs:
Cost- Programming and user education have a moderate cost.
Risk Characteristics- Low risk, but user engagement and behavior modification are necessary
for success.
Value- immediate relief due to decreased peak demand, lessened infrastructure stress, and
potential customer cost savings.
5. Advocate for Subsidy Payments:
Cost- minimal direct expense; yet, it is subject to governmental regulations.
Risk Characteristics- Low to medium risk relating to choices and actions taken by the
government.
Value- Independent Power Producer (IPP) financial security, reasonably priced electricity for
consumers, and assistance for the regional energy sector.