Full Title: Beyond Renewable Portfolio Standards: An Assessment of Regional Supply and Demand Conditions Affecting the Future of Renewable Energy in the West
Author(s): David J. Hurlbut, Joyce McLaren, and Rachel Gelman
Publisher(s): National Renewable Energy Laboratory (NREL)
Publication Date: 08/2013
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Several Western states have renewable portfolio standard (RPS) requirements that have driven significant expansion of wind, solar, and geothermal power. This study examines the renewable energy resources likely to remain undeveloped in the West by the time all these requirements have culminated in 2025. Development beyond that point will likely depend on the best of these remaining resources—where they are located, what it takes to get them to market, and how cost effectively they fit into a diverse portfolio of electric generation technologies.
While the bulk of this study concerns future renewable energy supply, its aim is to reduce some of the present uncertainty that complicates long-term planning. These findings about the renewable resources likely to be available in 2025 can inform today’s discussions about policies targeting future development—policies that might be different from the RPS model. Many important factors outside the scope of this study are likely to affect what those policies are. The aim here is not to recommend a path, but to assess the supply conditions that—with many other factors—might affect future state policies and utility business decisions.
So far, most western utilities have relied primarily on renewable resources located close to the customers being served. This appears to be enough to keep most states on track to meet their final RPS requirements. What happens next depends on several factors that are difficult to predict at this point in time. These factors include trends in the supply and price of natural gas, greenhouse gas and other environmental regulations, changing consumer preferences, technological breakthroughs, and future public policies and regulations. Changes in any one of these factors could make future renewable energy options more or less attractive.