Abstract Climate policy in the United States is often carried out at the state level rather than the national level, including renewable portfolio standards for the electricity generation sector. We assess the impacts of the RPS in the State of Colorado, one of the first to be implemented, using a recursive dynamic CGE model CO-E. The RPS reduces real household income in the state by an annualized value of $134.8 million in 2025 if natural gas prices are low, but results in increased incomes with medium or high natural gas prices although with medium natural gas prices the RPS causes electricity prices to rise. The impacts of the RPS are negatively correlated with those of natural gas price shocks to the overall state economy. As a result, the RPS serves as a partial insurance policy for the State against natural gas price shocks, which adds $4.53 million to the annualized benefit of the policy. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-03-24 How to Cite Hannum, C. (2023). Effect of Natural Gas Prices on Renewable Portfolio Standard Impacts. International Journal of Energy Economics and Policy, 13(2), 391–403. https://doi.org/10.32479/ijeep.13741 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 2 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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