What factors contribute to geothermal energy costs?

The main factors that contribute to geothermal energy costs are usually a geographical survey to identify a suitable location, the subsequent development of the site and the construction of the power plant. Therefore, the geothermal energy costs tend to be strongly loaded, and the development costs are in advance most of the costs that the race will increase during its life. Subsequent costs of operating geothermal energy tend to be a relatively small percentage of total costs, although it depends on the ground and the location in which the plant is located. This tends to apply especially to countries or places that have certain geographical features that can allow them to take the cost of an eportive advantage of geothermal energy. Examples include Alaska, California, Oregon and Iceland. Usually there is no requirement to burn any expensive fossil fuels and a significant advantage of geothermal energy costs that can be attractive to investors is the stability and predictability of the continuing costs, JAkmile is a geothermal power plant in operation. This is contrary to fossil fuel equipment where continuing costs are high and fluctuating with the price of fuel.

The cost of geothermal energy is therefore quite predictable as soon as the geothermal power plant is in operation. The effect on the local economy is often considered positive and provides a long -term offer of jobs that are often quite well paid. One economic problem that is sometimes Raised is whether the presence of a geothermal power plant has a negative impact on tourism in the local area. However, existing data suggest that most geothermal power plants usually do not negatively affect tourism. Some may even become a tourist attraction.

disadvantages of geothermal energy costs, on the other hand, may include the relatively high costs that usually arise during the geothermal phasePlant projects. The costs of survey may vary significantly depending on the availability or otherwise examined areas. Other costs that may be extremely high during the investigation is the price of the survey. Drilling can be a very important contributor to geothermal energy costs and these costs can increase dramatically if the price of cement and steel increases.