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• Flynn, H
• Breger, D
• Belden, A
• Bier, A
• Laurent, C
• Andrews, N
• Rickerson, W
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• Flynn, H
• Breger, D
• Belden, A
• Bier, A
• Laurent, C
• Andrews, N
• Rickerson, W
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• Flynn, H
• Breger, D
• Belden, A
• Bier, A
• Laurent, C
• Andrews, N
• Rickerson, W

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

Article

System Dynamics Modeling of the Massachusetts SREC Market

Hilary Flynn ^1,* , Dwayne Breger ² , Andrew Belden ¹ , Asmeret Bier ³ , Chad Laurent ¹ , Natalie Andrews ²  and Wilson Rickerson ¹

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; in revised form: 19 August 2010 / Accepted: 20 August 2010 / Published: 31 August 2010

(This article belongs to the Special Issue System Dynamics Simulation of Environmental and Resource Sustainability)

Download PDF Full-Text [264 KB, uploaded 31 August 2010 11:02 CEST]

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

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