How Long to Read Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets

How Long Does it Take to Read Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets?

It takes the average reader 1 hour and 22 minutes to read Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets by Suparna Bhattacharya

Assuming a reading speed of 250 words per minute. Learn more

Description

Renewable Portfolio Standard (RPS) has been one of the popular policy instruments adopted by many states in the U.S. to combat climate change, emissions and higher energy prices. This paper develops an applied-theoretic model to analyze the economic effects of RPS while considering the empirically relevant (i) interaction of compliance with voluntary green power markets, (ii) differences in consumer preferences, and (iii) imperfect competition among the electricity suppliers. The market and welfare effects of RPS are shown to be case-specific and dependent on the relative magnitude of the associated cost and utility effects of RPS, the strength of consumer preference for green energy, the suppliers' costs before RPS, and the market power of the suppliers in compliance and voluntary markets. Simulation results indicate that regular power prices increase while green power prices decrease in NERC regions. The demand for regular and green power increase/decrease depending on the specific cases examined in the study. While welfare gains of green power consumers are evident from the study, welfare of regular power consumers is case sensitive and can increase/decrease with the policy. Green power suppliers (with/without market power) are always losers from the policy. Profits of regular power suppliers with market power are case dependent and likely to increase with higher consumer preference for regular power. Public utility firms, competitive firms or firms having Bertrand price competition, who are unable to exercise market power in the compliance market are likely to be losers from this policy. Voluntary market participation can increase with RPS. The higher the cost of the regular power with RPS, the higher is the likelihood that consumers will purchase green power and realize welfare gains from reduced price in the voluntary market.

How long is Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets?

Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets by Suparna Bhattacharya is 82 pages long, and a total of 20,664 words.

This makes it 28% the length of the average book. It also has 25% more words than the average book.

How Long Does it Take to Read Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 52 minutes to read Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets aloud.

What Reading Level is Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets?

Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets?

Market and Welfare Effects of Renewable Portfolio Standard in the U.S. Compliance and Voluntary Green Power Markets by Suparna Bhattacharya is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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