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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: Q41: Energy: Demand and Supply; Prices, L94: Electric Utilities, L95: Gas Utilities; Pipelines; Water Utilities, Q42: Alternative Energy Sources, Q54: Climate; Natural Disasters and Their Management; Global Warming

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 bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

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