Putting a Floor on Energy Savings: Comparing State Energy Efficiency Resource Standards

Karen Palmer, Samuel Grausz (), Blair Beasley () and Tim Brennan ()
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Samuel Grausz: Resources for the Future
Blair Beasley: Resources for the Future
Tim Brennan: Resources for the Future

RFF Working Paper Series from Resources for the Future

Abstract: Energy efficiency resource standards (EERS) refer to policies that require utilities and other covered entities to achieve quantitative goals for reducing energy use by a certain year. EERS policies generally apply to electricity and natural gas sales and electricity peak demand, though they also cover other energy sources in Europe. Our study aggregates information about the requirements of existing EERS policies for electricity sales in the United States. We convert quantitative goals into comparable terms to compare the nominal stringency of EERS programs across states. EERS programs also differ in their nonquantitative requirements, including flexibility measures, measurement and verification programs, and penalties and positive incentives. We compare the U.S. policies to similar policies in the European Union and discuss important policy issues, including exogenous changes in fuel prices and issues with utility management of energy efficiency programs.

Keywords: energy efficiency; electricity; energy efficiency resource standards; state regulation (search for similar items in EconPapers)
JEL-codes: L51 L94 L95 (search for similar items in EconPapers)
Date: 2012-02-27
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Putting a floor on energy savings: Comparing state energy efficiency resource standards (2013)
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