A Survey of State-Level Cost and Benefit Estimates of Renewable Portfolio Standards
|Title||A Survey of State-Level Cost and Benefit Estimates of Renewable Portfolio Standards|
|Year of Publication||2014|
|Authors||Heeter, Jenny, Galen L. Barbose, Lori Bird, Samantha Weaver, Francisco Flores, Ksenia Kuskova-Burns, and Ryan H. Wiser|
|Keywords||Renewable Portfolio Standard (RPS), RPS|
Renewable portfolio standard (RPS) policies are in place in more than half of all U.S. states and have played a critical role in driving renewable energy deployment over the past decade. In many states, however, fierce debates have recently arisen regarding the cost of RPS policies, and proposals have been introduced to repeal, reduce, or freeze existing requirements. This report seeks to inform these debates by summarizing available data on the costs and benefits of RPS policies to-date and by highlighting key methodological issues that must be considered.
The report draws upon a variety of data sources, including estimates developed by utilities and public utility commissions (PUCs) as well renewable energy certificate pricing, to summarize the net (or “incremental”) costs incurred by utilities to comply with RPS requirements. The report also surveys recent studies that have assessed the magnitude of potential broader societal benefits (though for a variety of reasons, those benefits estimates cannot be directly compared to RPS compliance costs).
Key findings from this study include the following:
Findings from this report were presented at the 37th International Association for Energy Economics (IAEE) International Conference in New York, NY in June 2014. To download the proceedings posted online, please click here.
This research was also featured in an issue of the IAEE Energy Forum. To download the published version, please click here.
This research has also been accepted for publication with Renewable and Sustainable Energy Reviews. To see a pre-print version of this article, click here.
|LBNL Report Number||LBNL-6589E|