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• W756648676 abstract "On a Rising Tide: The Future of U.S. Utility Customer-Funded Energy Efficiency Programs Charles A. Goldman, Ian M. Hoffman, Megan Billingsley, Galen L. Barbose, Lawrence Berkeley National Laboratory ABSTRACT We develop estimates of future spending and savings for energy efficiency programs funded by electric and gas utility customers for three scenarios that capture a range of state policy and program spending paths through 2025. Our analysis relies on a detailed bottom-up modeling approach of state energy efficiency policies, regulatory decisions, and utility resource and demand-side management plans. Spending on efficiency programs is projected to more than double from 2010 levels to $10.8 billion in 2025 in the medium scenario, which is premised largely on compliance with existing energy efficiency policies, and would more than triple to $16.8 billion in the high case scenario. Spending on electric efficiency programs comprises about 80% of total spending; increases in electric program spending are driven primarily by regulatory and utility compliance with statewide legislative or regulatory savings targets (61%). Our analysis suggests that efficiency spending will assume a more even geographic distribution over time. Assuming public projections of slow economic recovery and demand growth are borne out, our results suggest that energy savings from these programs could nullify the majority of annual U.S. electric load growth sometime before 2025. Achieving these savings is subject to significant uncertainties. Our analysis indicates that administrators of gas energy efficiency programs will have difficulties meeting more aggressive state savings targets, but electricity programs will sustain sufficient spending growth to more than compensate for an expected plateau in gas program spending. This paper underscores the policy and market influences, uncertainties, and challenges that programs face. ACKNOWLEDGEMENTS The work described in this report was funded by the Permitting, Siting and Analysis Division of the U.S. Department of Energy’s Office of Electricity Delivery and Energy Reliability under Lawrence Berkeley National Laboratory Contract No. DE-AC02-05CH11231. DISCLAIMER This document was prepared as an account of work sponsored by the United States Government. While this document is believed to contain correct information, neither the United States Government nor any agency thereof, nor the Regents of the University of California, nor any of their employees, makes any warranty, express or implied, or assumes any legal responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by its trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof, or the" @default.
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• W756648676 date "2014-04-21" @default.
• W756648676 modified "2023-09-27" @default.
• W756648676 title "On a Rising Tide: The Future of U.S. Utility Customer-Funded Energy Efficiency Programs" @default.
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