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RENEWABLE PORTFOLIO STANDARDS AND THE GROWTH OF WIND POWER

By  and Andrew M. Macbride and Andrew M. Macbride

Abstract

Of existing renewable energy sources, wind power has experienced the most commercial success, to date, and in many regions of the country is economically competitive with conventional energy generated from fossil fuels. In the United States, the federal and state governments have supported the development and commercialization of wind power through various policies, one of which is a Renewable Portfolio Standard (RPS). An RPS establishes timeframes by which a state must generate set percentages of their electricity from renewable resources. By mandating the use of renewable energy, an RPS promotes the development of wind power capacity. There are numerous factors, however, that help to explain the proliferation of wind power capacity in the United States. Alternative policies such as the federal Production Tax Credit and the Public Benefits Funds established by states also aim to hasten the development of renewables like wind power. Market factors such as fossil fuel prices, the cost and availability of wind turbines, and average electricity prices also affect th

Year: 2008
OAI identifier: oai:CiteSeerX.psu:10.1.1.1024.3438
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