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

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  • 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. repec:eee:eneeco:v:66:y:2017:i:c:p:205-216 is not listed on IDEAS
    2. 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).

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