The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards

Stein-Erik Fleten, Johannes Mauritzen and Carl J. Ullrich

The Energy Journal, 2018, vol. 39, issue 2, 197-218

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.

Keywords: Renewable portfolio standards; Hydropower; Bayesian methods; Multilevel models; Planned investment. (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Journal Article: The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:39:y:2018:i:2:p:197-218

DOI: 10.5547/01956574.39.2.sfle

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