system dynamics modeling of the massachusetts srec market系统动力学建模的马萨诸塞州srec市场.pdf

Sustainability 2010, 2, 2746-2761; doi:10.3390/su2092746 OPEN ACCESS sustainability ISSN 2071-1050 /journal/sustainability Article System Dynamics Modeling of the Massachusetts SREC Market Hilary Flynn 1,*, Dwayne Breger 2, Andrew Belden 1, Asmeret Bier 3, Chad Laurent 1, 2 1 Natalie Andrews and Wilson Rickerson 1 Meister Consultants Group, 98 North Washington Street, Boston, MA 02114, USA; E-Mails: Andy.Belden@ (A.B.); Chad.Laurent@ (C.L.); Wilson.Rickerson@ (W.R.) 2 Massachusetts Department of Energy Resources, 100 Cambridge Street, Suite 1020, Boston, MA 02114, USA; E-Mails: Dwayne.Breger@state.ma.us (D.B.); Natalie.Andrews@state.ma.us (N.A.) 3 Independent Consultant; E-Mail: Asmeret.Bier@ * Author to whom correspondence should be addressed; E-Mail: Hilary.Flynn@; Tel.: +1-617-245-0283; Fax: +1-617-517-7732. Received: 4 August 2010; in revised form: 19 August 2010 / Accepted: 20 August 2010 / Published: 31 August 2010 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