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Sustainability 2010, 2(9), 2746-2761; doi:10.3390/su2092746

System Dynamics Modeling of the Massachusetts SREC Market

1
Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA
2
Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA
3
Independent Consultant
*
Author to whom correspondence should be addressed.
Received: 4 August 2010 / Revised: 19 August 2010 / Accepted: 20 August 2010 / Published: 31 August 2010
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Abstract

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.
Keywords: solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Flynn, H.; Breger, D.; Belden, A.; Bier, A.; Laurent, C.; Andrews, N.; Rickerson, W. System Dynamics Modeling of the Massachusetts SREC Market. Sustainability 2010, 2, 2746-2761.

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