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The role of public policy in emerging green power markets: an analysis of marketer preferences

✍ Scribed by R.H Wiser


Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
228 KB
Volume
4
Category
Article
ISSN
1364-0321

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✦ Synopsis


Green power marketing has been heralded by some as a means to create a private market for renewable energy that is driven by customer demand for green products. This article challenges the premise Ð sometimes proered in debates over green markets Ð that pro®table, sizable, credible markets for green products will evolve naturally without supportive public policies. Relying primarily on surveys and interviews of US green power marketers, the article examines the role of speci®c regulatory and legislative policies in `enabling' the green market, and searches for those policies that are believed by marketers to be the most conducive or detrimental to the expansion of the green market. We ®nd that marketers: (1) believe that pro®table green power markets will only develop if a solid foundation of supportive policies exists; (2) believe that establishing overall price competition and encouraging customer switching are the top priorities; (3) are somewhat leery of government-sponsored or mandated public information programs; and (4) oppose three speci®c renewable energy policies that are frequently advocated by renewable energy enthusiasts, but that may have negative impacts on the green marketers' pro®tability. The stated preferences of green marketers shed light on ways to foster renewables by means of the green market. Because the interests of marketers do not coincide perfectly with those of society, however, this study also recognizes other normative perspectives and highlights policy tensions at the heart of current debates related to green markets. By examining these con¯icts, we identify three key policy questions that should direct future research: To what extent should price competition and customer switching be encouraged at the expense of


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