MARC Record from Library of Congress

LEADER: 02074cam a22002777a 4500
001 2011657463
003 DLC
005 20120111101617.0
007 cr |||||||||||
008 120110s2011 mau sb 000 0 eng
010 $a 2011657463
040 $aDLC$cDLC
050 00 $aHB1
245 00 $aCost-effectiveness of electricity energy efficiency programs$h[electronic resource] /$cToshi H. Arimura ... [et al.].
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 17556
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/10/2012.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"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 long-term 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"--National Bureau of Economic Research web site.
700 1 $aArimura, Toshi H.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 17556.
856 40 $uhttp://www.nber.org/papers/w17556