Economic Efficiency of Utility Plants Under Renewable Energy Policy

Melissa Lynes and Allen Featherstone

No 205674, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: Over the last two decades a large number of energy policy changes have occurred specifically with regards to renewable energy. This paper considers how these changes in renewable energy policy affect the production efficiencies of power plants that use renewable and/or nonrenewable energy inputs for electricity production. Using nationwide plant level data from 2003 – 2012 pure technical efficiency is estimated. This study considers the efficiencies of both renewable and nonrenewable energy sources. In addition, this study considers how state level renewable energy policies affect the efficiencies of power plants. In general, this study finds that renewable energy policies do not reduce the efficiencies of electricity generation from a technical aspect.

Keywords: Environmental Economics and Policy; Production Economics (search for similar items in EconPapers)
Pages: 42
Date: 2015-05
New Economics Papers: this item is included in nep-eff, nep-ene, nep-env and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205674

DOI: 10.22004/ag.econ.205674

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