Renewable Energy Cost Modeling: A Toolkit for Establishing Cost-Based Incentives in the United States; March 2010 -- March 2011

Karlynn Cory, Karlynn Cory (NREL Technical Monitor)

Research output: NRELSubcontract Report

Abstract

This report is intended to serve as a resource for policymakers who wish to learn more about establishing cost-based incentives. The report will identify key renewable energy cost modeling options, highlight the policy implications of choosing one approach over the other, and present recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, feed-intariffs (FITs), or similar policies. These recommendations will be utilized in designing the Cost of Renewable Energy Spreadsheet Tool (CREST). Three CREST models will be publicly available and capable of analyzing the cost of energy associated with solar, wind, and geothermal electricity generators. The CREST models will be developed for use by state policymakers, regulators, utilities,developers, and other stakeholders to assist them in current and future rate-setting processes for both FIT and other renewable energy incentive payment structures and policy analyses.
Original languageAmerican English
Number of pages89
StatePublished - 2011

Bibliographical note

Work performed by Sustainable Energy Advantage, LLC, Framingham, Massachusetts, and Meister Consultants Group, Inc., Boston, Massachusetts

NREL Publication Number

  • NREL/SR-6A20-51093

Keywords

  • cost-based incentives
  • crest
  • feed-in tariffs
  • FIT
  • policy analysis
  • renewable energy

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