The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards

Stein-Erik Fleten, Johannes Mauritzen, and Carl J. Ullrich
Authors registered in the RePEc Author Service: Johannes Mauritzen () and Stein-Erik Fleten

The Energy Journal, 2018, vol. Volume 39, issue Number 2

Abstract: A total of 29 U.S. states and the District of Columbia have in place mandatory Renewable Portfolio Standards (RPS) which require that a minimum amount of energy come from renewable resources. We investigate the role of hydropower vis-a-vis other renewables under RPS. Using a Bayesian multilevel model, we find that hydropower plants subject to RPS are more likely to plan upgrades. These planned upgrades appear to be a substitute for solar and wind rather than complementary reserve generation.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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