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A Matter of Stability and Equity: The Case for Federal Action on Renewable Portfolio Standards in the U.S

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  • Benjamin K. Sovacool

    (Research Fellow, Energy Governance Program, Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, National University of Singapore, 469C Bukit Timah Road, Singapore 259772)

Abstract

Renewable portfolio standards (RPS) are a relatively novel way to promote renewable energy projects in the United States. Though more than half the states and the District of Columbia have taken the lead in mandating some form of RPS, none of the existing state programs are alike. The author proposes federal action to fix many of the problems plaguing individual state RPS programs and to persuade national policymakers, industries, and consumers to make a long-term commitment to renewable energy. If implemented properly, a nation-wide RPS could lower electricity rates for many consumers and utilities and may even induce more diversification in the electric utility industry.

Suggested Citation

  • Benjamin K. Sovacool, 2008. "A Matter of Stability and Equity: The Case for Federal Action on Renewable Portfolio Standards in the U.S," Energy & Environment, , vol. 19(2), pages 241-261, March.
    • Handle: RePEc:sae:engenv:v:19:y:2008:i:2:p:241-261
    DOI: 10.1260/095830508783900825
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    References listed on IDEAS

    as
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