Cost Impacts of a Vermont Renewable Portfolio Standard
Synapse prepared an estimate of the likely impact of a proposed renewable portfolio standard on electricity rates in Vermont. The analysis was based on a detailed “supply curve” of potential new renewable resources in the New England region, as well as potential imports from Canada and New York. The analysis considered two different renewable standards, one where renewables were broadly defined (including small hydro projects and all biomass), and one where renewables were limited to those eligible in the Massachusetts and Connecticut renewable portfolio standards. The report was presented to the Board and used to inform the Vermont RPS Collaborative discussions. Project completed in October 2003.