Renewable energy potential and adoption of renewable portfolio standards

Gregory Upton and Brian F. Snyder

Utilities Policy, 2015, vol. 36, issue C, 67-70

Abstract: Thirty states have adopted renewable portfolio standards (RPSs) that set targets for renewable energy generation by mandating electric power utilities obtain a minimum percentage of their retail load from renewable sources. To date, a number of studies have consistently found that political and economic factors impact RPS adoption. Studies have also examined the impact of renewable energy potential in a state on the probability of RPS adoption, but results have largely been statistically weak and inconclusive. After controlling for political and economic factors, we estimate that a one standard deviation increase in wind potential is associated with an approximately 4.2 percentage point increase in the probability of having an RPS, and a one standard deviation increase in solar potential is associated with a 6.1 percentage point increase in the probability of having an RPS.

Keywords: Renewable portfolio standards; Renewable energy; Renewable energy potential; Solar energy; Wind energy (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:36:y:2015:i:c:p:67-70

DOI: 10.1016/j.jup.2015.08.002

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