Funding Renewable Energy: An Analysis of Renewable Portfolio Standards
30 Pages Posted: 24 Jun 2015 Last revised: 26 Jun 2015
Date Written: June 22, 2015
Abstract
Thirty states have adopted renewable portfolio standards (RPSs) that set targets for renewable energy generation by mandating that electric power utilities obtain a minimum percentage of their power from renewable sources. Our synthetic control model finds that states with RPSs experience increases in electricity prices and decreases in electricity demand. We find no evidence that RPSs are associated with increases in renewable energy generation and weak evidence of emissions reductions.
Suggested Citation: Suggested Citation
Upton, Gregory and Snyder, Brian, Funding Renewable Energy: An Analysis of Renewable Portfolio Standards (June 22, 2015). USAEE Working Paper No. 15-220, Available at SSRN: https://ssrn.com/abstract=2621630 or http://dx.doi.org/10.2139/ssrn.2621630
Do you want regular updates from SSRN on Twitter?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.