System Dynamics Modeling of the Massachusetts SREC Market

Sustainability

Hilary Flynn¹  Dwayne Breger²  Andrew Belden¹  Asmeret Bier³  Chad Laurent¹  Natalie Andrews² 

[1] Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA; E-Mails:;Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA; E-Mails:;Independent Consultant; E-Mail:

关键词: solar;    system dynamics;    renewable portfolio standard;    renewable energy certificate;    auction;   

DOI  :  10.3390/su2092746

来源: mdpi

【 摘 要 】

As states across the country struggle to increase local development of renewable energy, policymakers are turning to innovative program designs to meet their renewable electricity targets. Massachusetts recently adopted a unique, auction-based price support mechanism for the solar portion of its renewable portfolio standard. During the program development process, the Massachusetts Department of Energy Resources (DOER) used system dynamics to simulate potential solar renewable energy certificate market conditions under the proposed regulations. The modeling exercise resulted in several program design changes that will lead to a more stable certificate market. System dynamics can be a useful tool for developing and improving sustainability programs.

【 授权许可】

CC BY   
© 2010 by the authors; licensee MDPI, Basel, Switzerland.