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Interstate Protectionism: The Case of Solar Renewable Energy Credits

Author

Listed:
  • Jed J. Cohen

    (The Energy Institute at Johannes Kepler University)

  • Levan Elbakidze

    (Division of Resource Economics and Management and the Center for Innovation in Gas Research and Utilization, West Virginia University)

  • Randall Jackson

    (Geology and Geography Department and Regional Research Institute, West Virginia University)

Abstract

Solar Renewable Energy Credits (SRECs) are financial instruments created by state policies to offer incentives for generating solar energy. In an effort to support in-state solar energy sectors and boost local employment opportunities, some states have closed off their SREC markets to out-of-state solar facilities. We examine the merits of such protectionist policy from the protectionist states perspective. We find that SREC market closure leads to higher in-state SREC prices, greater solar installation, and lower electricity prices. The study illustrates the economic incentives for protecting in-state SREC markets from out-of-state solar energy producers.

Suggested Citation

  • Jed J. Cohen & Levan Elbakidze & Randall Jackson, 2020. "Interstate Protectionism: The Case of Solar Renewable Energy Credits," Working Papers Research Paper 2020-19, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2020rp19
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    File URL: https://researchrepository.wvu.edu/rri_tnc/1/
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    Cited by:

    1. Mian Yang & Ruofan He & Panbing Wan, 2024. "The transfer of provincial officials and electricity transactions in China," Public Choice, Springer, vol. 198(3), pages 377-402, March.
    2. He, Ruofan & Wan, Panbing, 2024. "Electricity market integration in China: The role of government officials’ hometown ties," Energy, Elsevier, vol. 303(C).

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    Keywords

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    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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