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  • Thumbnail for HOW RENEWABLE PORTFOLIO STANDARDS ALTER RESIDENTIAL ELECTRICITY PRICES IN THE UNITED STATES
    HOW RENEWABLE PORTFOLIO STANDARDS ALTER RESIDENTIAL ELECTRICITY PRICES IN THE UNITED STATES by Gardner, Robert

    Renewable energy policies help drive states in the US toward cleaner energy technologies. Renewable Portfolio Standards (RPS) is one policy which mandates states to produce a certain percentage of their electricity mix from renewable energy sources. This paper looks at how these policies affect residential electricity prices in the United States. This paper hypothesizes that, due to falling costs of renewable energy technologies, residential electricity costs will not increase due to RPS mandates. This main hypothesis is not supported by previous literature, and this paper also concludes that RPS mandates increase residential electricity prices in states which implement them. This paper differs from previous literature by showing a much lower percentage increase in electricity prices due to RPS mandates and thus provides insight into how renewable energy policies affect the people which live in places where the policies are enacted.

  • Thumbnail for HOW RENEWABLE PORTFOLIO STANDARDS ALTER RESIDENTIAL ELECTRICITY PRICES IN THE UNITED STATES
    HOW RENEWABLE PORTFOLIO STANDARDS ALTER RESIDENTIAL ELECTRICITY PRICES IN THE UNITED STATES by Gardner, Robert

    Renewable energy policies help drive states in the US toward cleaner energy technologies. Renewable Portfolio Standards (RPS) is one policy which mandates states to produce a certain percentage of their electricity mix from renewable energy sources. This paper looks at how these policies affect residential electricity prices in the United States. This paper hypothesizes that, due to falling costs of renewable energy technologies, residential electricity costs will not increase due to RPS mandates. This main hypothesis is not supported by previous literature, and this paper also concludes that RPS mandates increase residential electricity prices in states which implement them. This paper differs from previous literature by showing a much lower percentage increase in electricity prices due to RPS mandates and thus provides insight into how renewable energy policies affect the people which live in places where the policies are enacted.