The Projected Impacts of a National Renewable Portfolio Standard

Price interaction in state-level renewable energy credit trading programs

“…They find that as the percentage requirement of the RPS increases, electricity and REC prices increase, and coal and natural gas generation decline. Nogee, Deyette, and Clemmer (2007), in reviewing studies of RPS programs, conclude that a national RPS system would reduce fossil-fuel prices (especially natural gas) and also reduce electricity prices. Noting that assumptions need to be made about RPS transparency and market structure to translate REC prices in to retail impacts, Wiser et al (2007) estimate that RPS mandates caused retail electricity rates to increase between zero and one percent for the seven states considered.…”

Renewable energy policies and competition for biomass: Implications for land use, food prices, and processing industry

“…Previous studies in the literature have examined economic and environmental impacts of the RPS and the RFS in isolation (Ando et al, 2010;Beach and McCarl, 2010;Chen and Önal, 2012;de Gorter and Just, 2009;Fischer, 2010;Hertel et al, 2010;Hudiburg et al, 2016;Nogee et al, 2007). A few studies have addressed the biofuel infrastructure required to meet the biofuel mandates Parker, 2012).…”

Interaction of Compliance and Voluntary Renewable Energy Markets

“…States have adopted RPS policies for a variety of reasons, including diversification of energy sources, reduction of natural gas demand, new job creation, and environmental benefits. 4 This particular policy instrument is advantageous because, if properly implemented, it provides market demand for renewable technologies and will lead to a predetermined amount of renewable energy generation by an established date. In addition, it contains market-based elements that encourage the implementation of the least-cost form of renewable generation necessary to meet the standard.…”