All RECs Are Local: How In-State Generation Requirements Adversely Affect Development of a Robust REC Market
Joel H. Mack,
Marc T. Campopiano and
Suzanne M. Logan
The Electricity Journal, 2011, vol. 24, issue 4, 8-25
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.
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