Economic feasibility of converting cow manure to electricity: A case study of the CVPS Cow Power program in Vermont
AbstractA case study of the Central Vermont Public Service Corporation (CVPS) Cow Power program examines the economic feasibility for dairy farms to convert cow manure into electricity via anaerobic methane digestion. The study confirms that it is technically feasible to convert cow manure to electricity on dairy farms but the economic returns highly depend on the base electricity price paid by CVPS, premium rate paid by CVPS customers, financial supports from government agencies and other organizations, and sales of the by-products of methane generation. Lessons learned from this program will be useful to other dairy farms and communities interested in converting cow manure into electricity.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania with number 104564.
Date of creation: 2011
Date of revision:
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anaerobic digestion; dairy farms; renewable energy; economic feasibility; Vermont.; Agricultural Finance; Consumer/Household Economics; Demand and Price Analysis; Environmental Economics and Policy; Farm Management; Research and Development/Tech Change/Emerging Technologies;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-06-04 (Agricultural Economics)
- NEP-ALL-2011-06-04 (All new papers)
- NEP-ENE-2011-06-04 (Energy Economics)
- NEP-ENV-2011-06-04 (Environmental Economics)
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- Thompson, Ethan & Wang, Qingbin & Li, Minghao, 2013. "Anaerobic digester systems (ADS) for multiple dairy farms: A GIS analysis for optimal site selection," Energy Policy, Elsevier, vol. 61(C), pages 114-124.
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