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Assessment of the House Renewable Electricity Standard and Expanded Clean Energy Scenarios


December 1, 2007

Research Report E079

Authors:

William Prindle, Maggie Eldridge, John A. "Skip" Laitner, R. Neal Elliott, and Steve Nadel

Description:

In August 2007, the U.S. House passed a provision requiring that electric utilities meet 15% of their energy requirements from renewable energy sources and energy efficiency measures. Although the provision did not get enacted, the concept continues to be pursued by Congress. This study provides a comprehensive analysis of the Renewable Electricity Standard (RES) introduced in 2007 as well as several long-term, national clean energy scenarios through 2030. The analysis uses ICF International's IPM® model to calculate energy, capacity, wholesale electric and natural gas prices, and CO2 emissions and ACEEE’s DEEPER model to evaluate overall consumer savings, job impacts, and economic output. The study further examined these renewable and efficiency policies against a climate policy framework, showing even greater benefits in terms of lower energy prices, greater consumer savings, and a stronger economy from setting RES and resource targets.