Electricity Price Increase in Texas: What is the Role of RPS?

Karen Maguire and Abdul Munasib ()
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Abdul Munasib: Bureau of Economic Analysis, U.S. Department of Commerce

Environmental & Resource Economics, 2018, vol. 69, issue 2, No 4, 293-316

Abstract: Abstract Over the last two decades, more than half of the states in the United States have adopted a renewable portfolio standard (RPS). While vital environmental goals underlie the rationale for RPS there is a rising concern that the policy may lead to increased electricity prices. Using the synthetic control method we conduct a comparative case study of Texas, an early adopter of RPS and arguably a success story. Our statistical tests find no evidence that RPS was a contributing factor in Texas’s electricity price increase.

Keywords: Renewable portfolio standard (RPS); Electricity price; Synthetic control method (SCM) (search for similar items in EconPapers)
JEL-codes: H7 Q4 Q42 Q48 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10640-016-0079-2

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