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Efficiency and productivity of renewable energy technologies: Evidence from U.S. investor-owned utilities across regional markets

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  • Ogunrinde, Olawale
  • Shittu, Ekundayo

Abstract

This study employs a Data Envelopment Analysis (DEA) modeling technique to investigate the efficiency and productivity of renewable energy (RE) adoption across technologically diverse electricity-generating utilities. By employing metrics capturing policy effects, the study evaluates the RE adoption efficiency and productivity using a dynamic DEA model and the Malmquist DEA technique. First, the findings reveal that RE adoption is not significantly different across regional electricity markets. Second, the study revealed that RE adoption increased over the last three years. The total mean productivity change over the entire study period showed a mean improvement of 4.8%.

Suggested Citation

  • Ogunrinde, Olawale & Shittu, Ekundayo, 2023. "Efficiency and productivity of renewable energy technologies: Evidence from U.S. investor-owned utilities across regional markets," Utilities Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:juipol:v:82:y:2023:i:c:s0957178723000723
    DOI: 10.1016/j.jup.2023.101560
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