Traditionally, there has been a premium in green pricing plans for electricity supply with high renewable energy content. Using a sample of 710 plans offered in December 2018 by Texas's competitive retailers to residents in Dallas, Houston, Corpus Christi and Abilene, we document that there is no longer a statistically significant renewable energy premium in Texas's retail electricity pricing. Attributable to the declining cost of renewable energy, this finding's policy implication is that continuing development of renewable energy is unlikely to adversely impact Texas's residents. Copyright © 2019 Published by Elsevier Ltd.
CitationWoo, C. K., & Zarnikau, J. (2019). Renewable energy's vanishing premium in Texas's retail electricity pricing plans. Energy Policy, 132, 764-770. doi: 10.1016/j.enpol.2019.06.034
- Renewable energy
- Retail electricity pricing
- Price premium