Social and Behavioral Sciences Commons^™

The Effects Of Renewable Portfolio Standards And The Deregulation Of Energy Markets On Electricity Prices, Amani Chaar

Spectra Undergraduate Research Journal

Renewable Portfolio Standards (RPS) are public policies put into effect to help alleviate the harmful consequences of air pollution. Every state has a unique form of standards corresponding to their natural resources. More states have implemented the policy to increase the generation of renewable energy; however, many stand opposed to the policy in fear that it will increase electricity prices. The influence that RPS has on the price of electricity is not entirely understood. Previous literature confirms that RPS, on average, increases prices by three percent. This paper focuses on analyzing the effect of RPS on electricity rates over a …