Assessing the policy interaction effect of Renewable Portfolio Standards (RPS) and Clean Power Plan (CPP) emissions goals for states in the U.S. Northeast

Shankar N. Chandramowli, Frank Felder, Xiaojun G. Shan

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

With the proposed Clean Power Plan for regulating carbon emissions from the power sector in the U.S, policymakers are likely to use a cost optimization framework to plan for future scenarios and implementation strategies. The modeling framework introduced in this paper would help such policymakers to make the appropriate investment decisions for the power sector. This paper applies an analytical model and an optimization model to investigate the implications of coimplementing an emission cap and a Renewable Portfolio Standards (RPS) policy for the U.S. Northeast. A simplified analytical model is specified and the first order optimality conditions are derived. The results from the analytical model are verified by running simulations using LP-CEM, a linear programming-based supply cost optimization model. The LP-CEM simulation results are analyzed under the recently proposed Clean Power Plan emissions cap rules and RPS scenarios for the U.S. Northeast region. The marginal abatement cost estimates, derived from a limited set of LP-CEM runs, are analyzed and compared to the theoretical results. For encouraging renewables generation, an RPS instrument is costeffective at higher policy targets, while an emissions cap instrument is cost-effective at lower policy targets. For CO2 emissions reduction, an emissions cap instrument is found be cost-effective for all policy targets. There is a trade-off between emissions levels and supply costs when the two instruments are co-implemented.

Original languageEnglish
Title of host publicationBiofuels, Hydrogen, Syngas, and Alternate Fuels; CHP and Hybrid Power and Energy Systems; Concentrating Solar Power; Energy Storage; Environmental, Economic, and Policy Considerations of Advanced Energy Systems; Geothermal, Ocean, and Emerging Energy Technologies; Photovoltaics; Posters; Solar Chemistry; Sustainable Building Energy Systems; Sustainable Infrastructure and Transportation; Thermodynamic Analysis of Energy Systems; Wind Energy Systems and Technologies
PublisherAmerican Society of Mechanical Engineers
Volume1
ISBN (Electronic)9780791850220
DOIs
Publication statusPublished - 2016
EventASME 2016 10th International Conference on Energy Sustainability, ES 2016, collocated with the ASME 2016 Power Conference and the ASME 2016 14th International Conference on Fuel Cell Science, Engineering and Technology - Charlotte, United States
Duration: Jun 26 2016Jun 30 2016

Other

OtherASME 2016 10th International Conference on Energy Sustainability, ES 2016, collocated with the ASME 2016 Power Conference and the ASME 2016 14th International Conference on Fuel Cell Science, Engineering and Technology
CountryUnited States
CityCharlotte
Period6/26/166/30/16

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment
  • Energy Engineering and Power Technology
  • Fuel Technology

Fingerprint Dive into the research topics of 'Assessing the policy interaction effect of Renewable Portfolio Standards (RPS) and Clean Power Plan (CPP) emissions goals for states in the U.S. Northeast'. Together they form a unique fingerprint.

  • Cite this

    Chandramowli, S. N., Felder, F., & Shan, X. G. (2016). Assessing the policy interaction effect of Renewable Portfolio Standards (RPS) and Clean Power Plan (CPP) emissions goals for states in the U.S. Northeast. In Biofuels, Hydrogen, Syngas, and Alternate Fuels; CHP and Hybrid Power and Energy Systems; Concentrating Solar Power; Energy Storage; Environmental, Economic, and Policy Considerations of Advanced Energy Systems; Geothermal, Ocean, and Emerging Energy Technologies; Photovoltaics; Posters; Solar Chemistry; Sustainable Building Energy Systems; Sustainable Infrastructure and Transportation; Thermodynamic Analysis of Energy Systems; Wind Energy Systems and Technologies (Vol. 1). [59501] American Society of Mechanical Engineers. https://doi.org/10.1115/ES2016-59501