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Funding Renewable Energy: An Analysis of Renewable Portfolio Standards

30 Pages Posted: 24 Jun 2015 Last revised: 26 Jun 2015

Gregory Upton Jr.

Louisiana State University, Baton Rouge

Brian Snyder

Louisiana State University, Baton Rouge

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

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

Gregory Upton Jr. (Contact Author)

Louisiana State University, Baton Rouge ( email )

Baton Rouge, LA 70803
United States

Brian Snyder

Louisiana State University, Baton Rouge ( email )

Baton Rouge, LA 70803
United States

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