Files
Abstract
Renewable portfolio standards (RPS) are important policies designed by states to increase renewable share in electricity generation. A significant amount of research has been done on the analysis of RPS. However, since many states have updated RPS, we need to re-evaluate the effectiveness of RPS. In this paper, I modify Yin and Powers and Shrimalis models and adjust their dataset to estimate how RPS and The American Recovery and Reinvestment Act of 2009 (ARRA) affect electricity capacity share. I find that RPS do not promote renewable energy deployment but ARRA does based on our results.