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The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards

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  • Stein-Erik Fleten
  • Johannes Mauritzen
  • 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.

Suggested Citation

  • Stein-Erik Fleten & Johannes Mauritzen & Carl J. Ullrich, 2018. "The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards," The Energy Journal, , vol. 39(2), pages 197-218, March.
    • Handle: RePEc:sae:enejou:v:39:y:2018:i:2:p:197-218
    DOI: 10.5547/01956574.39.2.sfle
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    Cited by:

    1. Su, Q. & Zhou, P. & Ding, H. & Xydis, G., 2024. "Transition towards a hybrid energy system: Combined effects of renewable portfolio standards and carbon emission trading," Energy Economics, Elsevier, vol. 135(C).

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    More about this item

    Keywords

    Renewable portfolio standards; Hydropower; Bayesian methods; Multilevel models; Planned investment.;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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