Abstract
Renewable Portfolio Standards (RPS) are an increasingly popular policy
mechanism for boosting renewable energy's role in the electric power mix. As of
March 2005, 18 states plus the District of Columbia have established such a
requirement, with additional states likely to approve an RPS in the next year
or two.
To understand this growing force, this report considers the history of RPSs and
how they are likely to evolve in the future. Drawing on in-depth interviews
with industry stakeholders, we analyze the political drivers behind RPS
adoption and consider whether the federal government may act to provide some
uniform policy in this arena. We also report on how utilities are crafting
their responses to these laws and the role of enforcement policies.
Table of Contents
- Table of Contents
- Energy Insights Opinion
- Executive Summary
- The Main Points
- Introduction
- An RPS Primer
- Figure: Renewable Electricity Expected from State Standards
- RPS Roots Run Deep
- Spreading the seedlings
- Continued development
- Figure: Renewable Electricity Standards Across the U.S.
- Table: Renewable Portfolio Standard Highlights
- Table: Qualifying Renewable Portfolio Standard technologies
- Pros, Cons, and Political Strategies
- Environmental benefits
- Economic development
- Technology advancement and cost reductions
- The Spanish are coming!
- Other potential drivers
- Barriers to adoption
- Local resource unavailability
- Infrastructure
- Voting on a smaller scale
- States moving toward adopting an RPS
- Other likely RPS candidates
- States revisiting current RPS laws
- Synopsis