Data for: Electric sector capacity planning under uncertainty: Climate policy and natural gas in the US

Using a two-stage stochastic programming approach, model results suggest that the two most critical risks in the near-term planning process of the uncertainties considered here are natural gas prices and the stringency of climate policy.

Stochastic strategies indicate that some near-term hedging from lower-cost wind and nuclear may occur but robustly demonstrate that delaying investment and waiting for more information can be optimal to avoid stranding capital-intensive assets. Hedging strategies protect against downside losses while retaining the option value of deferring irreversible commitments until more information is available about potentially lucrative market opportunities.