IDEAS home Printed from https://ideas.repec.org/p/ags/aaea11/103599.html
   My bibliography  Save this paper

What's Powering Wind? The Role of Prices and Policies in Determining the Amount of Wind Energy Development in the United States (1994-2008)

Author

Listed:
  • Maguire, Karen

Abstract

This paper focuses on the role of electricity markets and renewable energy regulation in wind development across the United States. My findings, using a random effects Tobit model with a 25-state sample, from 1994-2008, indicate that the implementation of state Renewables Portfolio Standards (RPS), Green Power Purchase programs (GPP), and the Federal Production Tax Credit (PTC) positively influenced a state’s added wind capacity. The influence of GPP programs continued to increase in the years after implementation, while for RPS it diminished. Also, other programs such as State Loan and Grant programs directed at increasing renewable energy development have not had a significant impact on wind capacity. The role of market factors is less significant, although there is some evidence that increases in natural gas prices had a positive influence.

Suggested Citation

  • Maguire, Karen, 2011. "What's Powering Wind? The Role of Prices and Policies in Determining the Amount of Wind Energy Development in the United States (1994-2008)," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103599, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea11:103599
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/103599
    Download Restriction: no

    References listed on IDEAS

    as
    1. Carley, Sanya, 2009. "State renewable energy electricity policies: An empirical evaluation of effectiveness," Energy Policy, Elsevier, vol. 37(8), pages 3071-3081, August.
    2. Langniss, Ole & Wiser, Ryan, 2003. "The renewables portfolio standard in Texas: an early assessment," Energy Policy, Elsevier, vol. 31(6), pages 527-535, May.
    3. Bird, Lori & Bolinger, Mark & Gagliano, Troy & Wiser, Ryan & Brown, Matthew & Parsons, Brian, 2005. "Policies and market factors driving wind power development in the United States," Energy Policy, Elsevier, vol. 33(11), pages 1397-1407, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Crago, Christine & Chernyakhovskiy, Ilya, 2014. "Solar PV Technology Adoption in the United States: An Empirical Investigation of State Policy Effectiveness," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169939, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Wind Energy; Energy Policy; Renewable Energy Development; Environmental Economics and Policy;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea11:103599. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.