Renewable portfolio standards and cost-effective energy-efficiency investment

A. Mahone; Chi-Keung WOO; J. Williams; I. Horowitz

doi:10.1016/j.enpol.2008.11.033

Renewable portfolio standards and cost-effective energy-efficiency investment

A. Mahone, Chi-Keung WOO^*, J. Williams, I. Horowitz

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › peer-review

24 Citations (Scopus)

Abstract

Renewable portfolio standards (RPSs) and mandates to invest in cost-effective energy efficiency (EE) are increasingly popular policy tools to combat climate change and dependence on fossil fuels. These supply-side and demand-side policies, however, are often uncoordinated. Using California as a case in point, this paper demonstrates that states could improve resource allocation if these two policies were coordinated by incorporating renewable-energy procurement cost into the cost-effectiveness determination for EE investment. In particular, if renewable energy is relatively expensive when compared to conventional energy, increasing the RPS target raises the cost-effective level of EE investment.

Original language	English
Pages (from-to)	774-777
Number of pages	4
Journal	Energy Policy
Volume	37
Issue number	3
DOIs	https://doi.org/10.1016/j.enpol.2008.11.033
Publication status	Published - Mar 2009

Scopus Subject Areas

Energy(all)
Management, Monitoring, Policy and Law

User-Defined Keywords

Electricity
Energy efficiency
RPS

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.enpol.2008.11.033

Cite this

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title = "Renewable portfolio standards and cost-effective energy-efficiency investment",

abstract = "Renewable portfolio standards (RPSs) and mandates to invest in cost-effective energy efficiency (EE) are increasingly popular policy tools to combat climate change and dependence on fossil fuels. These supply-side and demand-side policies, however, are often uncoordinated. Using California as a case in point, this paper demonstrates that states could improve resource allocation if these two policies were coordinated by incorporating renewable-energy procurement cost into the cost-effectiveness determination for EE investment. In particular, if renewable energy is relatively expensive when compared to conventional energy, increasing the RPS target raises the cost-effective level of EE investment.",

keywords = "Electricity, Energy efficiency, RPS",

author = "A. Mahone and Chi-Keung WOO and J. Williams and I. Horowitz",

note = "Funding Information: The 33% RPS policy is supported by the state regulatory commissions{\textquoteright} decision ( CPUC, 2008b ) and the Governor's November 17, 2008 Executive Order D-14-08. ",

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T1 - Renewable portfolio standards and cost-effective energy-efficiency investment

AU - Mahone, A.

AU - WOO, Chi-Keung

AU - Williams, J.

AU - Horowitz, I.

N1 - Funding Information: The 33% RPS policy is supported by the state regulatory commissions’ decision ( CPUC, 2008b ) and the Governor's November 17, 2008 Executive Order D-14-08.

PY - 2009/3

Y1 - 2009/3

N2 - Renewable portfolio standards (RPSs) and mandates to invest in cost-effective energy efficiency (EE) are increasingly popular policy tools to combat climate change and dependence on fossil fuels. These supply-side and demand-side policies, however, are often uncoordinated. Using California as a case in point, this paper demonstrates that states could improve resource allocation if these two policies were coordinated by incorporating renewable-energy procurement cost into the cost-effectiveness determination for EE investment. In particular, if renewable energy is relatively expensive when compared to conventional energy, increasing the RPS target raises the cost-effective level of EE investment.

AB - Renewable portfolio standards (RPSs) and mandates to invest in cost-effective energy efficiency (EE) are increasingly popular policy tools to combat climate change and dependence on fossil fuels. These supply-side and demand-side policies, however, are often uncoordinated. Using California as a case in point, this paper demonstrates that states could improve resource allocation if these two policies were coordinated by incorporating renewable-energy procurement cost into the cost-effectiveness determination for EE investment. In particular, if renewable energy is relatively expensive when compared to conventional energy, increasing the RPS target raises the cost-effective level of EE investment.

KW - Electricity

KW - Energy efficiency

KW - RPS

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DO - 10.1016/j.enpol.2008.11.033

M3 - Journal article

AN - SCOPUS:59249098386

SN - 0301-4215

VL - 37

SP - 774

EP - 777

JO - Energy Policy

JF - Energy Policy

IS - 3

ER -

Renewable portfolio standards and cost-effective energy-efficiency investment

Abstract

Scopus Subject Areas

User-Defined Keywords

UN SDGs

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