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Demand-Side Management and Energy Efficiency in the United States

Abstract:
Between 1989 and 1999, U.S. electric utilities spent $14.7 billion on demand-side management (DSM) programs aimed at encouraging their customers to make investments in energy efficiency. This study relies on panel data on 324 utilities spanning 11 years to estimate the effect of DSM expenditures on retail electricity sales. Our estimates imply that DSM had a much smaller effect on retail electricity sales than do estimates reported by utilities themselves over the same study period.

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Energy Specializations: Energy Efficiency; Electricity – Policy and Regulation

JEL Codes:
Q55 - Environmental Economics: Technological Innovation
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Keywords: Electric utilities, DSM, US, energy efficiency investments.

DOI: 10.5547/ISSN0195-6574-EJ-Vol25-No1-2


Published in Volume 25, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.