Degree Year
2013
Document Type
Thesis - Open Access
Degree Name
Bachelor of Arts
Department
Environmental Studies
Advisor(s)
Jordan Suter
Rumi Shammin
Abstract
A number of US states have passed renewable portfolio standard, a mandate that ensures a certain amount of energy to be generated by renewable sources, to offset carbon emission or create local jobs. While states' renewable portfolio standards have similar features, their designs vary substantially. In this paper, I investigate the design features and renewable energy certificate prices in five northeastern states that are trading in two trading systems to see how renewable portfolio standards are working in those states. The regression on bidding and asking price differences reveals considerable differences among states in Class I renewable energy certificate prices and differences between bid and asking price. This leads us to question the effectiveness of these portfolio standards.
Repository Citation
Li, Yazhou, "A Study of Renewable Portfolio Standards and Renewable Energy Certificate Prices in Five Northeastern States" (2013). Honors Papers. 331.
https://digitalcommons.oberlin.edu/honors/331
