Cost-effectiveness of electricity energy efficiency programs

Toshi H. Arimura, Shanjun Li, Richard G. Newell, Karen Palmer

研究成果: Article

40 被引用数 (Scopus)

抄録

We analyze the cost-effectiveness of electric utility ratepayer-funded programs to promote demand-side management (DSM) and energy efficiency (EE) investments. We specify a model that relates electricity demand to previous EE DSM spending, energy prices, income, weather, and other demand factors. In contrast to previous studies, we allow EE DSM spending to have a potential longterm demand effect and explicitly address possible endogeneity in spending. We find that current period EE DSM expenditures reduce electricity demand and that this effect persists for a number of years. Our findings suggest that ratepayer funded DSM expenditures between 1992 and 2006 produced a central estimate of 0.9 percent savings in electricity consumption over that time period and a 1.8 percent savings over all years. These energy savings came at an expected average cost to utilities of roughly 5 cents per kWh saved when future savings are discounted at a 5 percent rate.

本文言語English
ページ63-99
ページ数37
33
No.2
専門出版物Energy Journal
DOI
出版ステータスPublished - 2012
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • エネルギー(全般)

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