Electricity Price Increase in Texas: What is the Role of RPS? A Synthetic Control Analysis
نویسنده
چکیده
Over the last two decades, more than half of the states in the United States have adopted a Renewable Portfolio Standard (RPS). While vital environmental goals underlie the rationale for RPS there is a rising concern that the policy may lead to increased electricity prices. Using the Synthetic Control Method (SCM) we conduct a comparative case study of Texas, an early adopter of RPS and arguably a success story. We find that the state’s RPS was not a contributing factor in its electricity price increase.
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