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Greenhouse gas auction revenues can help cut Md. electric use significantly, says study
Date:10/22/2008

itional 4,300 jobs when compared to the minimum investment scenario. While positive, these numbers represents a small portion of the total Maryland economy: less than .1 percent.
  • IMPACT ON NEIGHBORS: Some of these benefits may spill over to other RGGI members and other nearby states on the same energy production grid.

This is the second RGGI study produced by the University of Maryland-led team. In 2007, they forecast the likely effects of Maryland joining RGGI. This new report builds on their previous work. http://www.newsdesk.umd.edu/sociss/release.cfm?ArticleID=1394

METHODS

Three models were employed by the research team to determine a variety of impacts on the economy and the electric power grid. Included in the study were effects within other RGGI states and related areas.

By using three separate models, the research team was able to sharpen and customize its projections and cover the broad array of effects and geographical areas to be studied. Three subcontractors provided projections based on their proprietary models.

HAIKU MODEL: A national economic simulation model of electricity markets based on market equilibrium concepts. Haiku was created by Dallas Burtraw, Karen Palmer and Anthony Paul from Resources for the Future, a nonprofit and nonpartisan organization that conducts independent research on environmental, energy, and natural resource issues. This model helped to answer questions such as how will Maryland's electric power prices change and how will the fuel mix for power generation change at different levels of energy efficiency investment. This model also provided data for the other researchers.

JHU-OUTEC: "Johns Hopkins University-Oligopoly Under Transmission and Emissions Constraints" was developed by Ben Hobbs and Yihsu Chen. It is a regional market equilibrium model for the mid-Atlantic
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Contact: Neil Tickner
ntickner@umd.edu
301-405-4622
University of Maryland
Source:Eurekalert

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