Demand-Side Management and Energy Efficiency in the United States

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...

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Bibliographic Details
Published in:The Energy journal (Cambridge, Mass.) Mass.), 2004-01, Vol.25 (1), p.19-43
Main Authors: Loughran, David S., Kulick, Jonathan
Format: Article
Language:English
Subjects:
Analysis
Applied sciences
Bias
Cost analysis
Cost control
Cost estimates
Cost of sales
Customer relations
Demand side management
Economic aspects
Economic data
Electric energy
Electric utilities
Electricity
Energy
Energy conservation
Energy consumption
Energy economics
Energy efficiency
Energy policy
Environmental impact
Estimates
Exact sciences and technology
Expenditures
Forecasts and trends
General, economic and professional studies
Industrial plant emissions
Investments
Management
Power plants
Retail trade
Selection bias
Studies
Utilities costs
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Description
Summary: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.
ISSN:0195-6574
1944-9089
DOI:10.5547/ISSN0195-6574-EJ-Vol25-No1-2