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This paper provides a preliminary analysis of the impacts of a proposed 20% national renewable portfolio standard (RPS) by 2021, which has been advanced in the U.S. Congress by Senator Jeff Bingaman of New Mexico. The paper was prepared before the America Recovery and Reinvestment Act was signed into law by President Barack Obama on February 17, 2009, and thus does not consider important changes in renewable energy (RE) policy that need to be addressed in follow-on analysis. We use NREL's Regional Energy Deployment System (ReEDS) model to evaluate the impacts of the RPS requirements on the energy sector and consider design issues associated with renewable energy certificate (REC) trading markets.
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| Authors: |
Logan, J.;
Sullivan, P.;
Short, W.;
Bird, L.;
James, T. L.;
Shah, M. R.
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| Publication Date: | 2009 Feb 01 |
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| OSTI Identifier: | 948750 |
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| Report Number(s): | NREL/TP-6A2-45161 |
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| DOE Contract Number: | AC36-99-GO10337 |
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| Resource Type: | Technical Report |
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| Research Org: | National Renewable Energy Laboratory (NREL), Golden, CO. |
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| Sponsoring Org: | USDOE |
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| Country of Publication: | United States |
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| Language: | English |
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| Format: | Size: 35 pp. |
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| Other Number(s): | TRN: US200908%%12 |
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| Subject: | 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; 29 ENERGY PLANNING, POLICY AND ECONOMY; RENEWABLE ENERGY SOURCES; ENERGY SOURCE DEVELOPMENT; ENERGY POLICY; ECONOMIC IMPACT |
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| Related Subject: | NREL; RENEWABLE PORTFOLIO STANDARD; RPS; REGIONAL ENERGY DEPLOYMENT SYSTEM MODEL; REEDS; RENEWABLE ENERGY CERTIFICATES; RECS; GENERATION CAPACITY; NATIONAL ENERGY MODELING SYSTEM; NEMS; FEDERAL 20% RPS; Energy Analysis |
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| Update Date: | 2009 May 18 |
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