Federal policies for renewable electricity: Impacts and interactions

Palmer, Karen; Paul, Anthony; Woerman, Matt; Steinberg, Daniel

doi:10.1016/j.enpol.2011.01.035

Cited by 55 publications

(29 citation statements)

References 9 publications

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“…Some studies have evaluated biomass indirectly, using partial equilibrium models to analyze increases in U.S. renewable energy, including all renewable sources. Examples include Palmer et al (2011), which applied the Haiku electricity market model, or Brown and Baek (2010), which used the National Energy Modeling System (NEMS) and focused on forest products and the forest products industry. While these studies allow for exploration of tradeoffs among renewable sources as well as changes in overall demand, they include coarse representation of the forest and agriculture sectors and do not explicitly account for forest carbon stocks or the GHG emissions associated with biomass production pathways.…”

Section: Literature Reviewmentioning

confidence: 99%

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

Latta

Baker

Beach

et al. 2013

JFE

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Section: Literature Reviewmentioning

confidence: 99%

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

Latta

Baker

Beach

et al. 2013

JFE

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“…Denmark and Italy also augment their RES-E policies with a net-metering policy. In the U.S., quantity regulation in the form of renewable portfolio standards has emerged as the dominant policy tool at the state level, with 29 states and the District of Colombia implementing an RPS by 2011 (DSIRE 2011;Palmer et al 2011). Worldwide, more than 80 countries employ policies to promote RES-E (REN21 2010).…”

Section: Tariff Amountmentioning

confidence: 99%

Assessing the Strength and Effectiveness of Renewable Electricity Feed-In Tariffs in European Union Countries

2011

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We develop a new indicator for FIT strength that captures variability in tariff size, contract duration, digression rate, electricity price, and electricity generation cost to estimate the resulting return on investment. We then regress this indicator on added RES-E capacity using a fixed effects specification. We find that FIT policies have driven solar PV and onshore wind capacity development in the EU. However, this effect is overstated without controls for country characteristics and may be concealed without accounting for the unique design of each policy. We provide empirical evidence that the interaction of policy design and market dynamics are more important determinants of RES-E development than policy enactment alone. Terms of use: Documents in

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“…Renewable generators increase energy supply with very low short-run marginal cost, push the energy supply curve to the right, and lower market clearing prices (SD figure S2) [8,28]. The lowered market clearing prices decrease the profits of fossil generators [8,28]. Here, we make the assumption that these savings are passed on to consumers in the form of lower wholesale power prices.…”

Section: Renewable Portfolio Costs and Transfer Payment Implicationsmentioning

confidence: 99%

Consumer cost effectiveness of CO ₂ mitigation policies in restructured electricity markets

Moore

Apt

2014

Environ. Res. Lett.

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We examine the cost of carbon dioxide mitigation to consumers in restructured USA markets under two policy instruments, a carbon price and a renewable portfolio standard (RPS). To estimate the effect of policies on market clearing prices, we constructed hourly economic dispatch models of the generators in PJM and in ERCOT. We find that the cost effectiveness of policies for consumers is strongly dependent on the price of natural gas and on the characteristics of the generators in the dispatch stack. If gas prices are low (∼$4/MMBTU), a technologyagnostic, rational consumer seeking to minimize costs would prefer a carbon price over an RPS in both regions. Expensive gas (∼$7/MMBTU) requires a high carbon price to induce fuel switching and this leads to wealth transfers from consumers to low carbon producers. The RPS may be more cost effective for consumers because the added energy supply lowers market clearing prices and reduces CO 2 emissions. We find that both policies have consequences in capacity markets and that the RPS can be more cost effective than a carbon price under certain circumstances: continued excess supply of capacity, retention of nuclear generators, and high natural gas prices.

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Federal policies for renewable electricity: Impacts and interactions

Cited by 55 publications

References 9 publications

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

Assessing the Strength and Effectiveness of Renewable Electricity Feed-In Tariffs in European Union Countries

Consumer cost effectiveness of CO ₂ mitigation policies in restructured electricity markets

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Federal policies for renewable electricity: Impacts and interactions

Cited by 55 publications

References 9 publications

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

A multi-sector intertemporal optimization approach to assess the GHG implications of U.S. forest and agricultural biomass electricity expansion

Assessing the Strength and Effectiveness of Renewable Electricity Feed-In Tariffs in European Union Countries

Consumer cost effectiveness of CO 2 mitigation policies in restructured electricity markets

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Consumer cost effectiveness of CO ₂ mitigation policies in restructured electricity markets