What does the future hold for utility electricity efficiency programs?

What does the future hold for utility electricity efficiency programs?

TitleWhat does the future hold for utility electricity efficiency programs?
Publication TypeJournal Article
Year of Publication2020
AuthorsCharles A Goldman, Sean Murphy, Ian M Hoffman, Natalie Mims Frick, Greg Leventis, Lisa C Schwartz
JournalThe Electricity Journal
Volume33
Issue4
Date Published05/2020
Abstract

This study develops projections of future spending and savings from electricity efficiency programs funded by electric utility customers in the United States through 2030 based on three scenarios. Our analysis relies on detailed bottom-up modeling of current state energy efficiency policies, demand-side management and integrated resource plans, and regulatory decisions. The three scenarios represent a range of potential outcomes given the policy environment at the time of the study and uncertainties in the broader economic and state policy environment in each state. We project spending to increase to $8.6 billion in 2030 in the medium scenario, about a 45 percent increase relative to 2016 spending. In the high case, annual spending increases to $11.1 billion in 2030 and remains relatively flat in the low case ($6.8 billion in 2030). Our analysis suggests that electricity efficiency programs funded by utility customers will continue to impact load growth significantly at least through 2030, as savings as a percent of retail sales are forecast at 0.7 percent in the medium scenario and 0.98 percent in the high scenario.

Notes

A longer LBNL Report on this work can be found HERE.

URLhttps://www.sciencedirect.com/science/article/pii/S1040619020300208?via%3Dihub
DOI10.1016/j.tej.2020.106728