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London Economics International study of Maine's renewable portfolio standard

London Economics International study of Maine's renewable portfolio standard

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State commissioned study on the impact of Maine's renewable portfolio requirement established in 35-A M.R.S.A. § 3210 (3-A).
State commissioned study on the impact of Maine's renewable portfolio requirement established in 35-A M.R.S.A. § 3210 (3-A).

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Categories:Types, Research, Law
Published by: thisdog on Oct 18, 2012
Copyright:Attribution Non-commercial

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10/18/2012

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 London Economics International LLC 1 contact:717 Atlantic Ave, Suite 1A Julia Frayer/Eva WangBoston, MA02111 617-933-7200www.londoneconomics.com julia@londoneconomics.com
MPUC RPS Report 2011 - Review of RPS Requirements andCompliance in Maine
Prepared by London Economics International LLC for the Maine Public UtilitiesCommission
 
 January 30, 2012
 
 Pursuant to An Act To Reduce Energy Prices for Maine Consumers, P.L 2011, ch. 413, sec. 6 (the
“ 
 Act 
” 
 ), the Maine Public Utilities Commission
(“ 
 MPUC
” or the “Commission”)
was directed by the Legislature t 
o study Maine’s renewable portfolio requirement established in 35
-A M.R.S.A. § 3210 (3-A). The Commission engaged London Economics International LLC
(“ 
 LEI 
”)
 to conduct an in-depth analysis of the renewable portfolio standards ("RPS") required by the
 Act which would support the Commission’s study and report to the Legislature
on the following eight topics:
 
 Item 1: the source and cost of renewable energy credits
“ 
 RECs
” 
 ) used to satisfy therenewable portfolio standard ( 
“ 
 RPS
” 
 ) requirements;
 
 Item 2: the impact of RECs generated in Maine on the regional REC market;
 
 Item 3: the impact of the RPS requirements on the viability of electricity generating  facilities in Maine that are eligible to meet the RPS requirement;
 
 Item 4: the impact of the RPS requirements on electricity costs of Maine ratepayers;
 
 Item 5: if the RPS requirements result in an increase in electricity costs, to the extent  possible, the impact of that increase on economic development in Maine;
 
 Item 6: the cost of the use of the alternative compliance payment
“ 
 ACP
” 
 ) mechanismunder Title 35-A, section 3210, subsection 9 for electricity consumers in Maine and, tothe extent information is available, the reasons competitive electricity providers use the ACP mechanism;
 
 Item 7: the best practices for setting the ACP rate; and 
 
 Item 8: to the extent possible, the benefits resulting from the portfolio requirements,including, but not limited to, tangible benefits and community benefits pursuant to Title35-A, section 3454, economic benefits due to the creation of jobs or investments in thisState including multiplier effects, research and development investment in this State,the impact on electricity rates and benefits due to diversifying this State's energy generation portfolio.
 
 London Economics International LLC 2 contact:717 Atlantic Ave, Suite 1A Julia Frayer/Eva WangBoston, MA02111 617-933-7200www.londoneconomics.com julia@londoneconomics.com
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 London Economics International LLC 3 contact:717 Atlantic Ave, Suite 1A Julia Frayer/Eva WangBoston, MA02111 617-933-7200www.londoneconomics.com julia@londoneconomics.com
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