Renewable portfolio standards in the USA: experience and compliance with targets

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dc.contributor.author Bespalova, Olga Gennadyevna
dc.date.accessioned 2011-05-06T14:31:06Z
dc.date.available 2011-05-06T14:31:06Z
dc.date.issued 2011-05-06
dc.identifier.uri http://hdl.handle.net/2097/8763
dc.description.abstract Economic growth requires growth of energy consumption. In the second half of the twentieth century energy consumption began to outgrow its production and the United States. Consequently, we observe growing dependence of the U.S. economy on energy imports which is causing political and economic insecurity; increasing pollution and depletion of natural resources. One way to alleviate these problems is to encourage renewable electricity production. Because the electric power industry is the largest consumer of energy sources, including renewable energy, it has become one of the most frequent subjects of the regulatory policies and financial incentives aiming to stimulate renewable electricity production. One of the most promoted renewable energy policies in this industry is a renewable portfolio standard (RPS), which requires electric utilities and other retail electric providers to supply a specified amount of electricity sales from renewable energy sources. Currently 29 states and District of Columbia have the RPSs, while 7 states have goals; but only about two third of those with the RPS have certain targets to meet. To my best knowledge, there are no studies analyzing compliance with the RPSs targets or the role of penalty mechanism in the RPS design on meeting its goal. In my Master Thesis I estimate which states are in compliance with their individual RPSs goals and analyze which factors affect the probability of compliance, with the focus on the role of penalty size, and controlling for complimentary policies promoting renewable energy production. I use a fixed effects linear probability model and state level data. Results indicate that including a penalty in the RPS design significantly increases the probability that states will comply with their goals. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject Renewable Portfolio Standard (RPS) en_US
dc.subject Renewable energy en_US
dc.subject Policy compliance en_US
dc.subject Penalty en_US
dc.subject Electric utilities en_US
dc.subject Electric power industry en_US
dc.title Renewable portfolio standards in the USA: experience and compliance with targets en_US
dc.type Thesis en_US
dc.description.degree Master of Arts en_US
dc.description.level Masters en_US
dc.description.department Department of Economics en_US
dc.description.advisor Tracy M. Turner en_US
dc.subject.umi Economics (0501) en_US
dc.subject.umi Environmental economics (0438) en_US
dc.subject.umi Public Policy and Social Welfare (0630) en_US
dc.date.published 2011 en_US
dc.date.graduationmonth May en_US


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