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The Economics of Conservation Programs

  • Book
  • © 1997

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Authors:
  1. Franz Wirl

    1. Otto-Von-Guericke-Universität Magdeburg, Germany

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-7
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  2. Introduction

    • Franz Wirl
    Pages 9-12

  3. Economic analysis of energy conservation

    • Franz Wirl
    Pages 13-59

  4. The normative case for demand-side conservation

    • Franz Wirl
    Pages 61-80

  5. Least cost planning

    • Franz Wirl
    Pages 81-87

  6. Incentives to the utility

    • Franz Wirl
    Pages 89-105

  7. Incentives for consumers

    • Franz Wirl
    Pages 107-118

  8. Asymmetric information and strategic consumer reactions

    • Franz Wirl
    Pages 119-142

  9. Optimal conservation incentives under asymmetric information

    • Franz Wirl
    Pages 143-171

  10. Rate-of-return regulation and incentives

    • Franz Wirl
    Pages 173-183

  11. Efficiency of DSM and positive explanations

    • Franz Wirl
    Pages 185-191

  12. Summary and concluding remarks

    • Franz Wirl
    Pages 193-206

  13. References

    • Franz Wirl
    Pages 207-212

  14. Back Matter

    Pages 213-215
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Keywords

About this book

Demand side management (DSM) is one of the most topical issues in regulating electric utilities, both in the United States and internationally. What is DSM? It consists of various measures at the level of demand (households, commerce, industry, others), which are at least partially financed by electric utilities and which should either conserve energy or reduce the peak load. The practice of DSM originates from The Public Utility Regulatory Policy Act of 1978 (PURPA) that provided the political and legal framework to set energy conservation as a national goal, which encouraged regulatory commissions to initiate utility conservation programs; see e.g., Nowell-Tschirhart (1990) and Fox-Penner (1990). Moreover, integrated resource planning, which must account for DSM on a level playing field with supply, is written into the 1992 Energy Policy Act as the U.S. Government's preferred method of electric power planning. Although PURPA set energy conservation as a national priority, its implementation was left to the states with the consequence of considerable differences concerning efforts and rules. By 1993 16 states had already implemented integrated resource planning, 9 were in the process of doing so and further 9 considered implementation, (EPRI 1993b). Due to the Clean Air Act of 1990, 24 states are considering to include external costs in integrated resource planning.

Authors and Affiliations

  • Otto-Von-Guericke-Universität Magdeburg, Germany

    Franz Wirl

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