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System Dynamics Modeling of the Massachusetts SREC Market

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Author Info

  • Hilary Flynn

    ()
    (Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA)

  • Dwayne Breger

    ()
    (Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA)

  • Andrew Belden

    ()
    (Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA)

  • Asmeret Bier

    ()
    (Independent Consultant)

  • Chad Laurent

    ()
    (Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA)

  • Natalie Andrews

    ()
    (Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA)

  • Wilson Rickerson

    ()
    (Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA)

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    Abstract

    As states across the country struggle to increase local development of renewable energy, policymakers are turning to innovative program designs to meet their renewable electricity targets. Massachusetts recently adopted a unique, auction-based price support mechanism for the solar portion of its renewable portfolio standard. During the program development process, the Massachusetts Department of Energy Resources (DOER) used system dynamics to simulate potential solar renewable energy certificate market conditions under the proposed regulations. The modeling exercise resulted in several program design changes that will lead to a more stable certificate market. System dynamics can be a useful tool for developing and improving sustainability programs.

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    Bibliographic Info

    Article provided by MDPI, Open Access Journal in its journal Sustainability.

    Volume (Year): 2 (2010)
    Issue (Month): 9 (August)
    Pages: 2746-2761

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    Handle: RePEc:gam:jsusta:v:2:y:2010:i:9:p:2746-2761:d:9445

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    Related research

    Keywords: solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction;

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