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All RECs Are Local: How In-State Generation Requirements Adversely Affect Development of a Robust REC Market

Joel H. Mack, Natasha Gianvecchio, Marc T. Campopiano and Suzanne M. Logan

The Electricity Journal, 2011, vol. 24, issue 4, 8-25

Abstract: While most U.S. states have now adopted renewable energy portfolio standards, most also require a certain percentage of such generation to be "home grown." These requirements lead to volatile and reduced-value markets for renewable energy credits and ultimately increase the cost of renewable energy. A review of the requirements suggests that either national or regional markets be fostered to reduce such adverse impacts of the requirements.

Date: 2011
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Handle: RePEc:eee:jelect:v:24:y:2011:i:4:p:8-25