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All RECs Are Local: How In-State Generation Requirements Adversely Affect Development of a Robust REC Market

Author

Listed:
  • Mack, Joel H.
  • Gianvecchio, Natasha
  • Campopiano, Marc T.
  • M. Logan, Suzanne

Abstract

While most U.S. states have now adopted renewable energy portfolio standards, most also require a certain percentage of such generation to be "home grown." These requirements lead to volatile and reduced-value markets for renewable energy credits and ultimately increase the cost of renewable energy. A review of the requirements suggests that either national or regional markets be fostered to reduce such adverse impacts of the requirements.

Suggested Citation

  • Mack, Joel H. & Gianvecchio, Natasha & Campopiano, Marc T. & M. Logan, Suzanne, 2011. "All RECs Are Local: How In-State Generation Requirements Adversely Affect Development of a Robust REC Market," The Electricity Journal, Elsevier, vol. 24(4), pages 8-25, May.
    • Handle: RePEc:eee:jelect:v:24:y:2011:i:4:p:8-25
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    Cited by:

    1. Bistline, John E.T. & Brown, Maxwell & Siddiqui, Sauleh A. & Vaillancourt, Kathleen, 2020. "Electric sector impacts of renewable policy coordination: A multi-model study of the North American energy system," Energy Policy, Elsevier, vol. 145(C).
    2. Upton, Gregory B. & Snyder, Brian F., 2017. "Funding renewable energy: An analysis of renewable portfolio standards," Energy Economics, Elsevier, vol. 66(C), pages 205-216.
    3. Andres P. Perez, Enzo E. Sauma, Francisco D. Munoz, and Benjamin F. Hobbs, 2016. "The Economic Effects of Interregional Trading of Renewable Energy Certificates in the U.S. WECC," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    4. Zhang, Qi & Wang, Ge & Li, Yan & Li, Hailong & McLellan, Benjamin & Chen, Siyuan, 2018. "Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff," Applied Energy, Elsevier, vol. 227(C), pages 426-435.
    5. Grace D. Kroeger & Matthew G. Burgess, 2024. "Electric utility plans are consistent with Renewable Portfolio Standards and Clean Energy Standards in most US states," Climatic Change, Springer, vol. 177(1), pages 1-18, January.
    6. Wang, Ge & Zhang, Qi & Li, Yan & Mclellan, Benjamin C., 2019. "Efficient and equitable allocation of renewable portfolio standards targets among China's provinces," Energy Policy, Elsevier, vol. 125(C), pages 170-180.
    7. Bistline, John & Santen, Nidhi & Young, David, 2019. "The economic geography of variable renewable energy and impacts of trade formulations for renewable mandates," Renewable and Sustainable Energy Reviews, Elsevier, vol. 106(C), pages 79-96.
    8. Gilbert, Alexander Q. & Sovacool, Benjamin K., 2016. "Looking the wrong way: Bias, renewable electricity, and energy modelling in the United States," Energy, Elsevier, vol. 94(C), pages 533-541.

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