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Title: A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards

Abstract

This 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. This 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.

Authors:
 [1];  [2];  [2];  [1];  [1];  [1];  [1];  [1];  [2]
  1. National Renewable Energy Lab. (NREL), Golden, CO (United States)
  2. Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Strategic Programs (SP)
OSTI Identifier:
1337612
Report Number(s):
NREL/TP-6A20-67455; LBNL-1006962
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; 54 ENVIRONMENTAL SCIENCES; renewable portfolio standards; renewable energy; economic development; air pollution; greenhouse gas; state policy; prospective analysis; water; cost-benefit analysis

Citation Formats

Mai, Trieu, Wiser, Ryan, Barbose, Galen, Bird, Lori, Heeter, Jenny, Keyser, David, Krishnan, Venkat, Macknick, Jordan, and Millstein, Dev. A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards. United States: N. p., 2016. Web. doi:10.2172/1337612.
Mai, Trieu, Wiser, Ryan, Barbose, Galen, Bird, Lori, Heeter, Jenny, Keyser, David, Krishnan, Venkat, Macknick, Jordan, & Millstein, Dev. A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards. United States. doi:10.2172/1337612.
Mai, Trieu, Wiser, Ryan, Barbose, Galen, Bird, Lori, Heeter, Jenny, Keyser, David, Krishnan, Venkat, Macknick, Jordan, and Millstein, Dev. Thu . "A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards". United States. doi:10.2172/1337612. https://www.osti.gov/servlets/purl/1337612.
@article{osti_1337612,
title = {A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards},
author = {Mai, Trieu and Wiser, Ryan and Barbose, Galen and Bird, Lori and Heeter, Jenny and Keyser, David and Krishnan, Venkat and Macknick, Jordan and Millstein, Dev},
abstractNote = {This 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. This 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.},
doi = {10.2172/1337612},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2016},
month = {12}
}

Technical Report:

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