Price interaction in state-level renewable energy credit trading programs

被引：3
|
作者：
Binder K.E. [1 ]
Mjelde J.W. [2 ]
Woodward R.T. [2 ]
机构：
[1] Federal Reserve Bank of Chicago, Chicago, 60604, IL
[2] Texas A and M University, College Station, 77840, TX
来源：
Mjelde, James W. (j-mjelde@tamu.edu) | 1600年 / Elsevier Inc.卷 / 29期
关键词：
Market integration; Renewable energy credits; Renewable portfolio standards; Vector error correction model;
D O I：
10.1016/j.tej.2016.04.010
中图分类号：
学科分类号：
摘要：
Renewable portfolio standards have been promoted and implemented as market-based incentives for encouraging renewable generation. Markets for RECs in Massachusetts and Connecticut do not consistently behave according to hypothesized fundamentals. Regardless of the reason for this divergence, one must be skeptical that the two state programs have created an efficient, fundamental-driven market. © 2016 Elsevier Inc.
引用
收藏
页码：15 / 21
页数：6
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