Future Costs, Benefits, and Impacts of Renewables Used to Meet U.S. Renewable Portfolio Standards
This brochure provides a brief overview of the report titled 'A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards.' The report evaluates the future costs, benefits, and other impacts of renewable energy used to meet current state renewable portfolio standards (RPSs). It also examines a future scenario where RPSs are expanded. The analysis examines changes in electric system costs and retail electricity prices, which include all fixed and operating costs, including capital costs for all renewable, non-renewable, and supporting (e.g., transmission and storage) electric sector infrastructure; fossil fuel, uranium, and biomass fuel costs; and plant operations and maintenance expenditures. The analysis evaluates three specific benefits: air pollution, greenhouse gas emissions, and water use. It also analyzes two other impacts, renewable energy workforce and economic development, and natural gas price suppression. The analysis finds that the benefits or renewable energy used to meet RPS polices exceed the costs, even when considering the highest cost and lowest benefit outcomes.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Strategic Programs (EE-SP)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1337616
- Report Number(s):
- NREL/BR-6A20-67561
- Country of Publication:
- United States
- Language:
- English
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A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards
A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards