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The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards

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

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.

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  • Stein-Erik Fleten, Johannes Mauritzen, and Carl J. Ullrich, 2018. "The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
    • Handle: RePEc:aen:journl:ej39-2-mauritzen
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    JEL classification:

    • F0 - International Economics - - General

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