[ { "key": "AVRNWPUS", "version": 34, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/AVRNWPUS", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/AVRNWPUS", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Douglas et al.", "parsedDate": "2009", "numChildren": 0 }, "data": { "key": "AVRNWPUS", "version": 34, "itemType": "report", "title": "33% Renewables portfolio standard: implementation analysis preliminary results", "creators": [ { "creatorType": "author", "firstName": "Paul", "lastName": "Douglas" }, { "creatorType": "author", "firstName": "Elizabeth", "lastName": "Stoltzfus" }, { "creatorType": "author", "firstName": "Anne", "lastName": "Gillete" }, { "creatorType": "author", "firstName": "Jaclyn", "lastName": "Marks" } ], "abstractNote": "", "reportNumber": "", "reportType": "", "institution": "California Public Utilities Commission", "place": "", "date": "2009", "seriesTitle": "", "seriesNumber": "", "pages": "", "DOI": "", "ISBN": "", "citationKey": "", "url": "http://www.cpuc.ca.gov/NR/rdonlyres/1865C207-FEB5-43CF-99EB-A212B78467F6/0/33PercentRPSImplementationAnalysisInterimReport.pdf", "accessDate": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:46:52Z", "dateModified": "2014-02-21T16:48:28Z" } }, { "key": "KM4VMJ6A", "version": 30, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/KM4VMJ6A", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/KM4VMJ6A", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Rouhani et al.", "parsedDate": "2013", "numChildren": 1 }, "data": { "key": "KM4VMJ6A", "version": 30, "itemType": "journalArticle", "title": "THE RENEWABLE PORTFOLIO STANDARD’S IMPACTS ON THE CALIFORNIA’S ELECTRICITY SECTOR", "creators": [ { "creatorType": "author", "firstName": "Omid M.", "lastName": "Rouhani" }, { "creatorType": "author", "firstName": "Adrienne", "lastName": "Kandel" }, { "creatorType": "author", "firstName": "Matthew", "lastName": "Christian" } ], "abstractNote": "We would have to get a copy of this article from another library.\n\nAccording to the renewable portfolio standard (RPS) of California, 33% of the electricity sales must be generated from renewable resources by 2020. The RPS has important implications for electricity consumers, producers, generation units and the rest of the electricity sector. This paper estimates the effects of implementing the RPS target on electricity prices, greenhouse gas emissions and portfolios of renewable sources of electricity in different settings. Based on the RPS calculator, a publicly available model, we built a new model which accounts for uncertainty in prices and generation costs, and demand responsiveness to prices. Without any technology breakthroughs, our model estimates that the average 2020 electricity price in California will be increased to $0.166/kilowatt-hour (kWh) to meet the 33% RPS, 2% higher than the price of the 20% RPS. When conventional fuel prices are high, the 2020 price of producing electricity will not be much different for the 33% RPS target than for the 20% RPS target. And, the main in-state resources to meet 33% RPS will be solar (29%), wind (25%) and geothermal (23%).", "publicationTitle": "International Journal of Power and Energy Systems", "publisher": "", "place": "", "date": "2013", "volume": "33", "issue": "3", "section": "", "partNumber": "", "partTitle": "", "pages": "", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "10.2316/Journal.203.2013.3.203-5152", "citationKey": "", "url": "http://www.actapress.com/PaperInfo.aspx?paperId=43378", "accessDate": "2014-02-21T16:43:34Z", "PMID": "", "PMCID": "", "ISSN": "1710-2243", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "CrossRef", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:43:34Z", "dateModified": "2014-02-21T16:44:18Z" } }, { "key": "PI2NVXEV", "version": 31, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/PI2NVXEV", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/PI2NVXEV", "type": "text/html" }, "up": { "href": "https://api.zotero.org/groups/250150/items/KM4VMJ6A", "type": "application/json" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } } }, "data": { "key": "PI2NVXEV", "version": 31, "parentItem": "KM4VMJ6A", "itemType": "attachment", "linkMode": "imported_url", "title": "[Abstract] THE RENEWABLE PORTFOLIO STANDARD’S IMPACTS ON THE CALIFORNIA’S ELECTRICITY SECTOR", "accessDate": "2014-02-21T16:43:37Z", "url": "http://www.actapress.com/PaperInfo.aspx?paperId=43378", "note": "", "contentType": "text/html", "charset": "utf-8", "filename": "PaperInfo.html", "md5": "92db097de37f232447ba80791d735a85", "mtime": 1393001017000, "tags": [], "relations": {}, "dateAdded": "2014-02-21T16:43:37Z", "dateModified": "2014-02-21T16:43:37Z" } }, { "key": "UGV4N6H7", "version": 28, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/UGV4N6H7", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/UGV4N6H7", "type": "text/html" }, "up": { "href": "https://api.zotero.org/groups/250150/items/N5TBCE7R", "type": "application/json" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } } }, "data": { "key": "UGV4N6H7", "version": 28, "parentItem": "N5TBCE7R", "itemType": "attachment", "linkMode": "imported_url", "title": "ScienceDirect Snapshot", "accessDate": "2014-02-21T16:40:03Z", "url": "http://www.sciencedirect.com/science/article/pii/S0301421512001292", "note": "", "contentType": "text/html", "charset": "utf-8", "filename": "S0301421512001292.html", "md5": "9df03fa9b1825da6fc706b17c9e4cb2b", "mtime": 1393000803000, "tags": [], "relations": {}, "dateAdded": "2014-02-21T16:40:03Z", "dateModified": "2014-02-21T16:40:03Z" } }, { "key": "N5TBCE7R", "version": 27, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/N5TBCE7R", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/N5TBCE7R", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Kung", "parsedDate": "2012-05", "numChildren": 1 }, "data": { "key": "N5TBCE7R", "version": 27, "itemType": "journalArticle", "title": "Impact of deployment of renewable portfolio standard on the electricity price in the State of Illinois and implications on policies", "creators": [ { "creatorType": "author", "firstName": "Harold H.", "lastName": "Kung" } ], "abstractNote": "The Renewable Portfolio Standard (RPS) of the State of Illinois specifies a schedule for the fraction of electricity produced from wind to be phased in through 2025. The price of electricity due to implementation of RPS in order to achieve a six-year payback on investment on new wind farms was estimated for six scenarios that examined the effect of electricity consumption growth rate, production tax credit of $0.022/kW h or unrestricted investment tax credit of 30%, and projected changes in installed project costs. In all cases, the electricity price was found to be dominated by the installed project cost (capital cost). Thus, any policy that affects the capital cost directly or indirectly would have a significant effect on the electricity price. Whereas investment tax credit has a direct effect, policies that encourage technology improvement and improve transmission lines would have a similar effect of lowering the capital cost. Carbon tax, on the other hand, would increase the electricity price to the consumers, although it offers other benefits.", "publicationTitle": "Energy Policy", "publisher": "", "place": "", "date": "May 2012", "volume": "44", "issue": "", "section": "", "partNumber": "", "partTitle": "", "pages": "425-430", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Energy Policy", "DOI": "10.1016/j.enpol.2012.02.013", "citationKey": "", "url": "http://www.sciencedirect.com/science/article/pii/S0301421512001292", "accessDate": "2014-02-21T16:40:02Z", "PMID": "", "PMCID": "", "ISSN": "0301-4215", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "ScienceDirect", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:40:02Z", "dateModified": "2014-02-21T16:40:02Z" } }, { "key": "NJ7ZVZXV", "version": 28, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/NJ7ZVZXV", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/NJ7ZVZXV", "type": "text/html" }, "up": { "href": "https://api.zotero.org/groups/250150/items/UFUNVWXD", "type": "application/json" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } } }, "data": { "key": "NJ7ZVZXV", "version": 28, "parentItem": "UFUNVWXD", "itemType": "attachment", "linkMode": "imported_url", "title": "ScienceDirect Snapshot", "accessDate": "2014-02-21T16:39:38Z", "url": "http://www.sciencedirect.com/science/article/pii/S0301421511000450", "note": "", "contentType": "text/html", "charset": "utf-8", "filename": "S0301421511000450.html", "md5": "3390b0d2d3acbca22154ebedbfb4596d", "mtime": 1393000778000, "tags": [], "relations": {}, "dateAdded": "2014-02-21T16:39:38Z", "dateModified": "2014-02-21T16:39:38Z" } }, { "key": "UFUNVWXD", "version": 27, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/UFUNVWXD", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/UFUNVWXD", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Palmer et al.", "parsedDate": "2011-07", "numChildren": 1 }, "data": { "key": "UFUNVWXD", "version": 27, "itemType": "journalArticle", "title": "Federal policies for renewable electricity: Impacts and interactions", "creators": [ { "creatorType": "author", "firstName": "Karen", "lastName": "Palmer" }, { "creatorType": "author", "firstName": "Anthony", "lastName": "Paul" }, { "creatorType": "author", "firstName": "Matt", "lastName": "Woerman" }, { "creatorType": "author", "firstName": "Daniel C.", "lastName": "Steinberg" } ], "abstractNote": "Three types of policies that are prominent in the federal debate over addressing greenhouse gas emissions in the United States are a cap-and-trade program (CTP) on emissions, a renewable portfolio standard (RPS) for electricity production, and tax credits for renewable electricity producers. Each of these policies would have different consequences, and combinations of these policies could induce interactions yielding a whole that is not the sum of its parts. This paper utilizes the Haiku electricity market model to evaluate the economic and technology outcomes, climate benefits, and cost-effectiveness of three such policies and all possible combinations of the policies. A central finding is that the carbon dioxide (CO2) emissions reductions from CTP can be significantly greater than those from the other policies, even for similar levels of renewable electricity production, since of the three policies, CTP is the only one that distinguishes electricity generated by coal and natural gas. It follows that CTP is the most cost-effective among these approaches at reducing CO2 emissions. An alternative compliance payment mechanism in an RPS program could substantially affect renewables penetration, and the electricity price effects of the policies hinge partly on the regulatory structure of electricity markets, which varies across the country.", "publicationTitle": "Energy Policy", "publisher": "", "place": "", "date": "July 2011", "volume": "39", "issue": "7", "section": "", "partNumber": "", "partTitle": "", "pages": "3975-3991", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Energy Policy", "DOI": "10.1016/j.enpol.2011.01.035", "citationKey": "", "url": "http://www.sciencedirect.com/science/article/pii/S0301421511000450", "accessDate": "2014-02-21T16:39:37Z", "PMID": "", "PMCID": "", "ISSN": "0301-4215", "archive": "", "archiveLocation": "", "shortTitle": "Federal policies for renewable electricity", "language": "", "libraryCatalog": "ScienceDirect", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:39:37Z", "dateModified": "2014-02-21T16:39:37Z" } }, { "key": "5TW4HNMR", "version": 26, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/5TW4HNMR", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/5TW4HNMR", "type": "text/html" }, "up": { "href": "https://api.zotero.org/groups/250150/items/BPUJN3WJ", "type": "application/json" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } } }, "data": { "key": "5TW4HNMR", "version": 26, "parentItem": "BPUJN3WJ", "itemType": "attachment", "linkMode": "imported_url", "title": "ScienceDirect Snapshot", "accessDate": "2014-02-21T16:23:53Z", "url": "http://www.sciencedirect.com/science/article/pii/S0301421511001054", "note": "", "contentType": "text/html", "charset": "utf-8", "filename": "S0301421511001054.html", "md5": "3b4f8e25fcaab1b29e8011b6c70cb359", "mtime": 1392999833000, "tags": [], "relations": {}, "dateAdded": "2014-02-21T16:23:53Z", "dateModified": "2014-02-21T16:23:53Z" } }, { "key": "BPUJN3WJ", "version": 25, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/BPUJN3WJ", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/BPUJN3WJ", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Bird et al.", "parsedDate": "2011-05", "numChildren": 1 }, "data": { "key": "BPUJN3WJ", "version": 25, "itemType": "journalArticle", "title": "Evaluating renewable portfolio standards and carbon cap scenarios in the U.S. electric sector", "creators": [ { "creatorType": "author", "firstName": "Lori", "lastName": "Bird" }, { "creatorType": "author", "firstName": "Caroline", "lastName": "Chapman" }, { "creatorType": "author", "firstName": "Jeff", "lastName": "Logan" }, { "creatorType": "author", "firstName": "Jenny", "lastName": "Sumner" }, { "creatorType": "author", "firstName": "Walter", "lastName": "Short" } ], "abstractNote": "This report examines the impact of renewable portfolio standards (RPS) and cap-and-trade policy options on the U.S. electricity sector. The analysis uses the National Renewable Energy Laboratory's Regional Energy Deployment System (ReEDS) model that simulates the least-cost expansion of electricity generation capacity and transmission in the U.S. to examine the impact of a variety of emissions caps—and RPS scenarios both individually and combined. The generation mix, carbon emissions, and electricity price are examined for various policy combinations simulated in the modeling.", "publicationTitle": "Energy Policy", "publisher": "", "place": "", "date": "May 2011", "volume": "39", "issue": "5", "section": "", "partNumber": "", "partTitle": "", "pages": "2573-2585", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Energy Policy", "DOI": "10.1016/j.enpol.2011.02.025", "citationKey": "", "url": "http://www.sciencedirect.com/science/article/pii/S0301421511001054", "accessDate": "2014-02-21T16:23:52Z", "PMID": "", "PMCID": "", "ISSN": "0301-4215", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "ScienceDirect", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:23:52Z", "dateModified": "2014-02-21T16:23:52Z" } }, { "key": "U39KSKHP", "version": 24, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/U39KSKHP", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/U39KSKHP", "type": "text/html" }, "up": { "href": "https://api.zotero.org/groups/250150/items/U7NPQACX", "type": "application/json" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } } }, "data": { "key": "U39KSKHP", "version": 24, "parentItem": "U7NPQACX", "itemType": "attachment", "linkMode": "imported_url", "title": "ScienceDirect Snapshot", "accessDate": "2014-02-21T16:20:29Z", "url": "http://www.sciencedirect.com/science/article/pii/S014098831300090X", "note": "", "contentType": "text/html", "charset": "utf-8", "filename": "S014098831300090X.html", "md5": "14afc09fc78ff1de9731d5fe540d139f", "mtime": 1392999629000, "tags": [], "relations": {}, "dateAdded": "2014-02-21T16:20:29Z", "dateModified": "2014-02-21T16:20:29Z" } }, { "key": "U7NPQACX", "version": 23, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/U7NPQACX", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/U7NPQACX", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Tanaka and Chen", "parsedDate": "2013-09", "numChildren": 1 }, "data": { "key": "U7NPQACX", "version": 23, "itemType": "journalArticle", "title": "Market power in renewable portfolio standards", "creators": [ { "creatorType": "author", "firstName": "Makoto", "lastName": "Tanaka" }, { "creatorType": "author", "firstName": "Yihsu", "lastName": "Chen" } ], "abstractNote": "Renewable portfolio standard (RPS), which requires a certain percentage of electricity production from renewables, has received considerable attention. One emerging issue is the possibility of strategic behavior in the renewable energy certificate/credit (REC) market, and its spillover effects on the electricity market. This paper develops dominant firm-competitive fringe models that account for market power. We show that market power could have significant impacts on the REC and power prices. In particular, when a nonrenewable generator is a dominant firm and a renewable generator is a competitive fringe, the nonrenewable firm has a strong incentive to lower the REC price, even to zero for avoiding REC costs. The zero REC price would negate price impacts in the power market, thereby mitigating market power of the dominant firm. However, this could lead to an underinvestment in renewables in the long run as subsidies received by renewables in form of RECs vanish. Therefore, regulatory agencies need to carefully oversee the market performance to ensure a healthy development of renewable industries under the RPS policies.", "publicationTitle": "Energy Economics", "publisher": "", "place": "", "date": "September 2013", "volume": "39", "issue": "", "section": "", "partNumber": "", "partTitle": "", "pages": "187-196", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Energy Economics", "DOI": "10.1016/j.eneco.2013.05.004", "citationKey": "", "url": "http://www.sciencedirect.com/science/article/pii/S014098831300090X", "accessDate": "2014-02-21T16:20:28Z", "PMID": "", "PMCID": "", "ISSN": "0140-9883", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "ScienceDirect", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-21T16:20:28Z", "dateModified": "2014-02-21T16:20:28Z" } }, { "key": "PPG3FNQF", "version": 22, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/PPG3FNQF", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/PPG3FNQF", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Fischer", "parsedDate": "2010-01", "numChildren": 0 }, "data": { "key": "PPG3FNQF", "version": 22, "itemType": "journalArticle", "title": "Renewable Portfolio Standards: When Do They Lower Energy Prices?", "creators": [ { "creatorType": "author", "firstName": "Carolyn", "lastName": "Fischer" } ], "abstractNote": "Some studies of renewable portfolio standards find that regulations increase electricity generation costs; others find that the reduced demand for nonrenewable energy sources lowers natural gas prices and that electricity prices follow. This paper presents reasons for why these predictions can vary in the direction as well as the magnitude of their effects. The two driving factors are the elasticity of electricity supply from renewable energy sources relative to nonrenewable ones and the effective stringency of the target. The availability of other baseload generation helps to determine that stringency, and demand elasticity influences only the magnitude of the price effects, not the direction of those effects. The paper also evaluates circumstances under which higher standards can decrease both certificate prices and renewable energy supply. 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250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/QIXSC6VM", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/QIXSC6VM", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Johnson and Moyer", "parsedDate": "2012-10", "numChildren": 1 }, "data": { "key": "QIXSC6VM", "version": 7, "itemType": "journalArticle", "title": "Feasibility of U.S. renewable portfolio standards under cost caps and case study for Illinois", "creators": [ { "creatorType": "author", "firstName": "Sean D.", "lastName": "Johnson" }, { "creatorType": "author", "firstName": "Elisabeth J.", "lastName": "Moyer" } ], "abstractNote": "Recently enacted state renewable portfolio standards (RPSs) collectively require that U.S. electricity generation by non-hydro renewables more than double by 2025. These goals are not certain to be met, however, because many RPSs apply cost caps that alter requirements if costs exceed targets. We analyze here the 2008 Illinois RPS, which is fairly typical, and find that at current electricity prices, complete implementation will require significant decreases in renewables costs even given the continuation of federal renewables subsidies. Full implementation is possible but not assured. The statutory design raises additional concerns about unintended potential consequences. The fact that windpower and solar carveouts fall under a single cost cap means that in failure mode, a less cost-effective technology can curtail deployment of a more cost-effective one. Adjacent-state provisions mean the bulk of the RPS can be met by existing wind facilities, and that new wind builds will likely occur in Iowa. The Illinois RPS, like that of many other states, appears to combine objectives inherently in conflict: preferences for local jobs, for specific technologies, for environmental benefits, and for low costs. Revisiting the legislation may be needed to make legislative success likely and to ensure that failure modes do not compromise goals.", "publicationTitle": "Energy Policy", "publisher": "", "place": "", "date": "October 2012", "volume": "49", "issue": "", "section": "", "partNumber": "", "partTitle": "", "pages": "499-514", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Energy Policy", "DOI": "10.1016/j.enpol.2012.06.047", "citationKey": "", "url": "http://www.sciencedirect.com/science/article/pii/S0301421512005575", "accessDate": "2014-02-20T21:16:08Z", "PMID": "", "PMCID": "", "ISSN": "0301-4215", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "ScienceDirect", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-20T21:16:08Z", "dateModified": "2014-02-20T21:16:08Z" } }, { "key": "3JVPPMX8", "version": 6, "library": { "type": "group", "id": 250150, "name": "RPS economics", "links": { "alternate": { "href": "https://www.zotero.org/groups/rps_economics", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/250150/items/3JVPPMX8", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rps_economics/items/3JVPPMX8", "type": "text/html" } }, "meta": { "createdByUser": { "id": 250494, "username": "tsandberg", "name": "Tami Sandberg", "links": { "alternate": { "href": "https://www.zotero.org/tsandberg", "type": "text/html" } } }, "creatorSummary": "Kirby et al.", "parsedDate": "2004", "numChildren": 0 }, "data": { "key": "3JVPPMX8", "version": 6, "itemType": "report", "title": "California Renewables Portfolio Standard renewable generation integration cost analysis", "creators": [ { "creatorType": "author", "firstName": "Brendan", "lastName": "Kirby" }, { "creatorType": "author", "firstName": "Michael", "lastName": "Milligan" }, { "creatorType": "author", "firstName": "Yuri", "lastName": "Makarov" }, { "creatorType": "author", "firstName": "David", "lastName": "Hawkins" }, { "creatorType": "author", "firstName": "Jim", "lastName": "Lovekin" }, { "creatorType": "author", "firstName": "Henry", "lastName": "Shiu" } ], "abstractNote": "", "reportNumber": "", "reportType": "", "institution": "California Energy Commission", "place": "", "date": "2004", "seriesTitle": "", "seriesNumber": "", "pages": "", "DOI": "", "ISBN": "", "citationKey": "", "url": "http://www.abcsolar.com/pdf/500-04-054.pdf", "accessDate": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2014-02-20T20:59:08Z", "dateModified": "2014-02-20T21:01:52Z" } } ]