System Dynamics Modeling of the Massachusetts SREC Market

Hilary Flynn, Dwayne Breger, Andrew Belden, Asmeret Bier, Chad Laurent, Natalie Andrews and Wilson Rickerson
Additional contact information
Hilary Flynn: Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA
Dwayne Breger: Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA
Andrew Belden: Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA
Asmeret Bier: Independent Consultant
Chad Laurent: Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA
Natalie Andrews: Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA
Wilson Rickerson: Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA

Sustainability, 2010, vol. 2, issue 9, 1-16

Abstract: As states across the country struggle to increase local development of renewable energy, policymakers are turning to innovative program designs to meet their renewable electricity targets. Massachusetts recently adopted a unique, auction-based price support mechanism for the solar portion of its renewable portfolio standard. During the program development process, the Massachusetts Department of Energy Resources (DOER) used system dynamics to simulate potential solar renewable energy certificate market conditions under the proposed regulations. The modeling exercise resulted in several program design changes that will lead to a more stable certificate market. System dynamics can be a useful tool for developing and improving sustainability programs.

Keywords: solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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