Market And Welfare Effects Of Renewable Portfolio Standard In The Us Compliance And Voluntary Green Power Markets

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Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets

Author : Suparna Bhattacharya
Publisher :
ISBN 13 : 9781321120714
Total Pages : 82 pages
Book Rating : 4.1/5 (27 download)

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Book Synopsis Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets by : Suparna Bhattacharya

Download or read book Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets written by Suparna Bhattacharya and published by . This book was released on 2014 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable Portfolio Standard (RPS) has been one of the popular policy instruments adopted by many states in the U.S. to combat climate change, emissions and higher energy prices. This paper develops an applied-theoretic model to analyze the economic effects of RPS while considering the empirically relevant (i) interaction of compliance with voluntary green power markets, (ii) differences in consumer preferences, and (iii) imperfect competition among the electricity suppliers. The market and welfare effects of RPS are shown to be case-specific and dependent on the relative magnitude of the associated cost and utility effects of RPS, the strength of consumer preference for green energy, the suppliers' costs before RPS, and the market power of the suppliers in compliance and voluntary markets. Simulation results indicate that regular power prices increase while green power prices decrease in NERC regions. The demand for regular and green power increase/decrease depending on the specific cases examined in the study. While welfare gains of green power consumers are evident from the study, welfare of regular power consumers is case sensitive and can increase/decrease with the policy. Green power suppliers (with/without market power) are always losers from the policy. Profits of regular power suppliers with market power are case dependent and likely to increase with higher consumer preference for regular power. Public utility firms, competitive firms or firms having Bertrand price competition, who are unable to exercise market power in the compliance market are likely to be losers from this policy. Voluntary market participation can increase with RPS. The higher the cost of the regular power with RPS, the higher is the likelihood that consumers will purchase green power and realize welfare gains from reduced price in the voluntary market.

Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data)

Author : Jenny Heeter
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data) by : Jenny Heeter

Download or read book Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data) written by Jenny Heeter and published by . This book was released on 2011 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Interaction of Compliance and Voluntary Renewable Energy Markets

Author : Lori Bird
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (175 download)

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Book Synopsis Interaction of Compliance and Voluntary Renewable Energy Markets by : Lori Bird

Download or read book Interaction of Compliance and Voluntary Renewable Energy Markets written by Lori Bird and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, both compliance and voluntary markets have emerged to help support the development of renewable energy resources. Both of these markets are growing rapidly and today about half of U.S. states have Renewable Portfolio Standard (RPS) policies in place, with a number of these policies adopted in the last several years. In addition, many states have recently increased the stringency of their RPS policies. This paper examines key market interaction issues between compliance and voluntary renewable energy markets. It provides an overview of both the compliance and voluntary markets, addressing each market's history, purpose, size, scope, and benefits while addressing issues, including double counting.

Interaction of Compliance and Voluntary Renewable Energy Markets

Author : Lori Bird
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (175 download)

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Book Synopsis Interaction of Compliance and Voluntary Renewable Energy Markets by : Lori Bird

Download or read book Interaction of Compliance and Voluntary Renewable Energy Markets written by Lori Bird and published by . This book was released on 2007 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, both compliance and voluntary markets have emerged to help support the development of renewable energy resources. Both of these markets are growing rapidly and today about half of U.S. states have Renewable Portfolio Standard (RPS) policies in place, with a number of these policies adopted in the last several years. In addition, many states have recently increased the stringency of their RPS policies. This paper examines key market interaction issues between compliance and voluntary renewable energy markets. It provides an overview of both the compliance and voluntary markets, addressing each market's history, purpose, size, scope, and benefits while addressing issues, including double counting.

A Retrospective Analysis of Benefits and Impacts of U.S. Renewable Portfolio Standards

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (957 download)

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Book Synopsis A Retrospective Analysis of Benefits and Impacts of U.S. Renewable Portfolio Standards by :

Download or read book A Retrospective Analysis of Benefits and Impacts of U.S. Renewable Portfolio Standards written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As states consider revising or developing renewable portfolio standards (RPS), they are evaluating policy costs, benefits, and other impacts. We present the first U.S. national-level assessment of state RPS program benefits and impacts, focusing on new renewable electricity resources used to meet RPS compliance obligations in 2013. In our central-case scenario, reductions in life-cycle greenhouse gas emissions from displaced fossil fuel-generated electricity resulted in $2.2 billion of global benefits. Health and environmental benefits from reductions in criteria air pollutants (sulfur dioxide, nitrogen oxides, and particulate matter 2.5) were even greater, estimated at $5.2 billion in the central case. Further benefits accrued in the form of reductions in water withdrawals and consumption for power generation. Finally, although best considered resource transfers rather than net societal benefits, new renewable electricity generation used for RPS compliance in 2013 also supported nearly 200,000 U.S.-based gross jobs and reduced wholesale electricity prices and natural gas prices, saving consumers a combined $1.3-$4.9 billion. In total, the estimated benefits and impacts well-exceed previous estimates of RPS compliance costs.

Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data)

Author : Jenny Heeter
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (768 download)

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Book Synopsis Status and Trends in U.S. Compliance and Voluntary Renewable Energy Certificate Markets (2010 Data) by : Jenny Heeter

Changing Resources, Changing Market

Author : Joshua P. Fershee
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Changing Resources, Changing Market by : Joshua P. Fershee

Download or read book Changing Resources, Changing Market written by Joshua P. Fershee and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Congress recently passed a new energy bill that, until that last minute, included provisions that would have established a national renewable portfolio standard (RPS). The RPS would have required electric utilities to procure a certain percentage of their electricity from renewable resources or purchase renewable energy credits from other sources to meet the standard. The recent energy bill is just the latest of repeated, and thus far failed, efforts to impose a national RPS. As such, there has been much debate about the potential merits and hazards of a national RPS, and more is sure to follow. Rather than joining this part of the policy debate, this Article considers the effects implementing a national RPS would have on the operation of the energy industry. More specifically, the Article considers what a national RPS would mean for electric utilities, regulators (state and federal), and consumers. The Article begins with an introduction to the most recent national RPS proposal, including a brief summary of both the program's goals and major criticisms of the proposal. This introduction also includes an overview of the current and pending state-level RPS standards. The Article then discusses the primary issues a national RPS would raise for key stakeholders. First, the Article considers what a national RPS would mean for electric utilities - focusing on necessary compliance activities and the possible effects on short- and long-term investment decisions - including infrastructure and RPS compliance sources. Next, the Article discusses the impacts on state and federal regulators, focusing on the development of a renewable energy credit tracking system, the enforcement of the national RPS, and the role regulators at each level will have in the process. Finally, the Article considers the impacts a national RPS could have on consumers with regard to short- and long-term electricity costs. The Article concludes that, although the implementation of any major policy initiative takes significant resources, the biggest hurdle facing a national RPS is political, not technological or economic.

The Effect of State Renewable Portfolio Standards on Consumer Participation in Green Pricing Programs

Author : James L. Maltese
Publisher :
ISBN 13 : 9781124601625
Total Pages : 34 pages
Book Rating : 4.6/5 (16 download)

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Book Synopsis The Effect of State Renewable Portfolio Standards on Consumer Participation in Green Pricing Programs by : James L. Maltese

Download or read book The Effect of State Renewable Portfolio Standards on Consumer Participation in Green Pricing Programs written by James L. Maltese and published by . This book was released on 2011 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last several years, two mechanisms for increasing the supply of renewable electricity have become increasingly popular: renewable portfolio standards, a state policy of mandating increased production of green power; and green pricing programs, which allow customers to purchase green power through their utilities. These mechanisms have been effective in increasing the adoption of renewable energy; however, it is unclear whether they interact in a way that is mutually beneficial or counterproductive. It is important to understand the effect of renewable portfolio standards on the voluntary market for green energy, especially as Congress considers a nationwide portfolio standard. The effectiveness of a renewable portfolio standard may be undercut if it leads customers to purchase less green power.

Retrospective Analysis of the Benefits and Impacts of U.S. Renewable Portfolio Standards

Author :
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (94 download)

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Book Synopsis Retrospective Analysis of the Benefits and Impacts of U.S. Renewable Portfolio Standards by :

Download or read book Retrospective Analysis of the Benefits and Impacts of U.S. Renewable Portfolio Standards written by and published by . This book was released on 2016 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis is the first-ever comprehensive assessment of the benefits and impacts of state renewable portfolio standards (RPSs). This joint National Renewable Energy Laboratory-Lawrence Berkeley National Laboratory project provides a retrospective analysis of RPS program benefits and impacts, including greenhouse gas emissions reductions, air pollution emission reductions, water use reductions, gross jobs and economic development impacts, wholesale electricity price reduction impacts, and natural gas price reduction impacts. Wherever possible, benefits and impacts are quantified in monetary terms. The paper will inform state policymakers, RPS program administrators, industry, and others about the costs and benefits of state RPS programs. In particular, the work seeks to inform decision-making surrounding ongoing legislative proposals to scale back, freeze, or expand existing RPS programs, as well as future discussions about increasing RPS targets or otherwise increasing renewable energy associated with Clean Power Plan compliance or other emission-reduction goals.

Status and Trends in the U.S. Voluntary Green Power Market (2013 Data)

Author : Jenny Heeter
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (898 download)

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Book Synopsis Status and Trends in the U.S. Voluntary Green Power Market (2013 Data) by : Jenny Heeter

Download or read book Status and Trends in the U.S. Voluntary Green Power Market (2013 Data) written by Jenny Heeter and published by . This book was released on 2014 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Voluntary green power markets are those in which consumers and institutions voluntarily purchase renewable energy to match their electricity needs. This report surveys utilities, competitive suppliers, renewable energy certificate (REC) marketers, and, for the first time, the community choice aggregation market. This report finds that the voluntary market totaled 62 million megawatt-hours in 2013. Approximately 5.4 million customers are purchasing green power. This report presents data and analysis on voluntary market sales and customer participation, products and premiums, green pricing marketing, and administrative expenses. The report also details trends in REC tracking systems, REC pricing in voluntary and compliance markets, community and crowd-funded solar, and interest in renewable energy by the information and communication technologies sector.

Renewable Portfolio Standards in the USA

Author : Olga Gennadyevna Bespalova
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (729 download)

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Book Synopsis Renewable Portfolio Standards in the USA by : Olga Gennadyevna Bespalova

Download or read book Renewable Portfolio Standards in the USA written by Olga Gennadyevna Bespalova and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth requires growth of energy consumption. In the second half of the twentieth century energy consumption began to outgrow its production and the United States. Consequently, we observe growing dependence of the U.S. economy on energy imports which is causing political and economic insecurity; increasing pollution and depletion of natural resources. One way to alleviate these problems is to encourage renewable electricity production. Because the electric power industry is the largest consumer of energy sources, including renewable energy, it has become one of the most frequent subjects of the regulatory policies and financial incentives aiming to stimulate renewable electricity production. One of the most promoted renewable energy policies in this industry is a renewable portfolio standard (RPS), which requires electric utilities and other retail electric providers to supply a specified amount of electricity sales from renewable energy sources. Currently 29 states and District of Columbia have the RPSs, while 7 states have goals; but only about two third of those with the RPS have certain targets to meet. To my best knowledge, there are no studies analyzing compliance with the RPSs targets or the role of penalty mechanism in the RPS design on meeting its goal. In my Master Thesis I estimate which states are in compliance with their individual RPSs goals and analyze which factors affect the probability of compliance, with the focus on the role of penalty size, and controlling for complimentary policies promoting renewable energy production. I use a fixed effects linear probability model and state level data. Results indicate that including a penalty in the RPS design significantly increases the probability that states will comply with their goals.

Electricity from Renewable Resources

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 030913708X
Total Pages : 386 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Electricity from Renewable Resources by : National Research Council

Download or read book Electricity from Renewable Resources written by National Research Council and published by National Academies Press. This book was released on 2010-04-05 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A component in the America's Energy Future study, Electricity from Renewable Resources examines the technical potential for electric power generation with alternative sources such as wind, solar-photovoltaic, geothermal, solar-thermal, hydroelectric, and other renewable sources. The book focuses on those renewable sources that show the most promise for initial commercial deployment within 10 years and will lead to a substantial impact on the U.S. energy system. A quantitative characterization of technologies, this book lays out expectations of costs, performance, and impacts, as well as barriers and research and development needs. In addition to a principal focus on renewable energy technologies for power generation, the book addresses the challenges of incorporating such technologies into the power grid, as well as potential improvements in the national electricity grid that could enable better and more extensive utilization of wind, solar-thermal, solar photovoltaics, and other renewable technologies.

State Renewable Portfolio Standards

Author : Matthew H. Brown
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis State Renewable Portfolio Standards by : Matthew H. Brown

Download or read book State Renewable Portfolio Standards written by Matthew H. Brown and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the irreverence, gutsy spirit, and warmhearted hilarity that made Pagan Babies a classic, here is the Italian-American experience served up by the author who has been crowned the Patron Saint of Humor. Before the Sopranos, there were the Cascones....Life al Dente, the new memoir from the author of Pagan Babies, brings the same wit and wonder to the telling of Gina Cascone's Italian-American girlhood...well, boyhood actually. In an Italian family, few things are a greater handicap than being born female, but Gina's Dad generously decided to overlook this shortcoming and raise Gina as a boy -- the son he always wanted. As lawyer to numerous "alleged" mobsters, Dad had some colorful clients who would regularly gather around the basement pool table to talk business, drink, and be hustled by junior high Gina. There was no way Gina was going to turn into one of the big hair girls of Italian-American stereotype, but her journey would have all the bumps that come with that cherished immigrant ambition of moving from steerage to the suburbs in three generations. That sense of dislocation came early for Gina as her family moved from the kind of neighborhood where old men play bocce and the pet frogs are named Nunzio to one where Barbies and frozen food prevail. And though Gina's brains got her into the top high school, she quickly made the lonely discovery that she was the only one there whose name ended in a vowel. In our overly pasteurized and homogenized world, there's a real hunger to find and celebrate our connection to old world roots and traditions. Life al Dente abounds in hilarious stories, but also rewards readers with a genuine and poignant contemplation of cultural identity.

The Costs and Benefits of Compliance with Renewable Portfolio Standards

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (953 download)

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Book Synopsis The Costs and Benefits of Compliance with Renewable Portfolio Standards by :

Download or read book The Costs and Benefits of Compliance with Renewable Portfolio Standards written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: More than half of U.S. states have renewable portfolio standards (RPS) in place and have collectively deployed approximately 46,000 MW of new renewable energy capacity through year-end 2012. Most of these policies have five or more years of implementation experience, enabling an assessment of their costs and benefits. Understanding RPS benefits and costs is essential for policymakers evaluating existing RPS policies, assessing the need for modifications, and considering new policies. A key aspect of this study is the comprehensive review of existing RPS cost and benefit estimates, in addition to an examination of the variety of methods used to calculate such estimates. Based on available data and estimates reported by utilities and regulators, this study summarizes RPS costs to date. The study considers how those costs may evolve going forward, given scheduled increases in RPS targets and cost containment mechanisms incorporated into existing policies. The report also summarizes RPS benefits estimates, based on published studies for individual states, and discusses key methodological considerations.

The Power of Renewables

Author : Chinese Academy of Engineering
Publisher : National Academies Press
ISBN 13 : 0309160006
Total Pages : 256 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Power of Renewables by : Chinese Academy of Engineering

Download or read book The Power of Renewables written by Chinese Academy of Engineering and published by National Academies Press. This book was released on 2011-01-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.

Guide to Purchasing Green Power

Author :
Publisher : Environmental Protection Agency
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Guide to Purchasing Green Power by :

Download or read book Guide to Purchasing Green Power written by and published by Environmental Protection Agency. This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This guide can be downloaded from: www.eere.energy.gov/femp/technologies/renewable%5Fpurchasepower.cfm, www.epa.gov/greenpower/buygreenpower.htm, www.thegreenpowergroup.org/publications.html, www.resource-solutions.org."--Verso. t.p.

Status and Trends in the U.S. Voluntary Green Power Market (2012 Data)

Author :
Publisher :
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Status and Trends in the U.S. Voluntary Green Power Market (2012 Data) by :

Download or read book Status and Trends in the U.S. Voluntary Green Power Market (2012 Data) written by and published by . This book was released on 2013 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Voluntary green power markets are those in which consumers and institutions voluntarily purchase renewable energy to match their electricity needs. Voluntary action provides a revenue stream for renewable energy projects and raises consumer awareness of the benefits of renewable energy. These markets continued to exhibit growth and stimulate renewable energy development in 2012. This paper reviews the voluntary market and identifies market trends.