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System Dynamics Modeling of the Massachusetts SREC Market

Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA
Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA
Independent Consultant
Author to whom correspondence should be addressed.
Sustainability 2010, 2(9), 2746-2761;
Received: 4 August 2010 / Revised: 19 August 2010 / Accepted: 20 August 2010 / Published: 31 August 2010
PDF [264 KB, uploaded 24 February 2015]


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. View Full-Text
Keywords: solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction solar; system dynamics; renewable portfolio standard; renewable energy certificate; auction

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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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